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Taiwan airlines gain on report about additional China flights

Taiwan airlines gain on report about additional China flights

China Airlines Ltd., Taiwan's largest carrier, led airline shares higher in Taipei trading after a report that the island may seek additional flights to mainland China to cope with rising demand.
China Airlines jumped 6.2 percent to NT$9.59, its highest since April 16, while Eva Airways Corp., Taiwan's second-largest airline, surged 6.7 percent to NT$10, its highest since April 22.
President Ma Ying-jeou said the number of direct flights between China and Taiwan should be increased to 540 a week from 270.
Most cross-strait flights operate at between 90 percent and 95 percent capacity, and the quality of service may suffer without additional flights, the report said, citing Ma, who spoke at a meeting with a group of overseas Taiwanese from the U.S. at his office yesterday.
Taiwan and China on April 26 agreed to more than double the weekly scheduled flights to 270 from 108.


Updated : 2021-04-14 21:38 GMT+08:00