Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Taiwan’s China Airlines says no political pressure on new aircraft order

admin by admin
October 12, 2024
in Stock
0
Taiwan’s China Airlines says no political pressure on new aircraft order
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

TAIPEI (Reuters) – Taiwan’s China Airlines is not facing any political pressure on its decision about whether to buy Boeing (NYSE:BA) or Airbus aircraft for a refreshment of its long-haul fleet, the company’s chairman said on Saturday.

Taiwan’s largest carrier has been weighing Boeing’s 777X and the Airbus A350-1000 as replacements for its fleet of 10 Boeing 777-300ERs, mostly used on U.S. and some high-density regional routes, according to industry sources.

China Airlines Chairman Hsieh Shih-chien told reporters the company was still in the process of evaluating which aircraft to take and, asked if there was any political pressure on the decision, replied “no”.

“When it comes to buying aircraft, it is only China Airlines ourselves who makes the assessment. I want to clarify this,” Hsieh added.

Multibillion-dollar deals for new aircraft often have to take political as well as business considerations into account – especially in the case of Taiwan, given its international situation and pressure it faces to give in to China’s sovereignty claims, which are rejected by the democratically elected government in Taipei.

The United States is Taiwan’s most important international backer and arms supplier despite a lack of formal diplomatic ties, and China Airlines’ majority owner is the Taiwan government.

A senior industry source told Reuters, speaking on condition of anonymity given the sensitivity of the matter, that on the China Airlines deal the timing was a complicating factor given November’s U.S. election.

In 2022, shortly after then-U.S. House of Representatives Speaker Nancy Pelosi visited Taipei – which set off Chinese war games – China Airlines announced a $4.6 billion order for Boeing’s 787 to replace its ageing fleet of Airbus A330s.

China Airlines already operates 15 of the smaller Airbus A350-900s, as well as nine of the freighter version of the 777.

Hsieh said the 787s would start arriving from next year, while a further 11 Airbus A321s, which are replacing its older Boeing 737-800s, would all come before 2026.

This post appeared first on investing.com

Previous Post

Japan PM Ishiba says he won’t intervene in BOJ’s rate policy

Next Post

Google wants US judge’s app store ruling put on hold

admin

admin

Next Post
Google wants US judge’s app store ruling put on hold

Google wants US judge’s app store ruling put on hold

Trending News

Why activist investor Ancora Holdings wants US Steel to drop Nippon merger?

Why activist investor Ancora Holdings wants US Steel to drop Nippon merger?

January 27, 2025
Why has Jefferies asked ESG leaders to strengthen legal backup after Trump’s win?

Why has Jefferies asked ESG leaders to strengthen legal backup after Trump’s win?

November 7, 2024
Spirit Airlines (SAVE) stock falls another 40%: what led to this decline?

Spirit Airlines (SAVE) stock falls another 40%: what led to this decline?

October 4, 2024
Subscribe to Insightful Word


    Recent News

    Asian markets close: Hong Kong surges, Nikkei pauses; Sensex ends 182 pts higher

    Asian markets close: Hong Kong surges, Nikkei pauses; Sensex ends 182 pts higher

    May 14, 2025
    Burberry share price jumps 15% on cost cuts and upbeat results; analysts urge caution, say Asian market still a concern

    Burberry share price jumps 15% on cost cuts and upbeat results; analysts urge caution, say Asian market still a concern

    May 14, 2025
    US stocks look to extend gains: Nasdaq climbs 0.5%, S&P up 0.2%

    US stocks look to extend gains: Nasdaq climbs 0.5%, S&P up 0.2%

    May 14, 2025
    Super Micro stock surges after Saudi deal, upbeat rating and AI optimism

    Super Micro stock surges after Saudi deal, upbeat rating and AI optimism

    May 14, 2025

    Recent News

    Asian markets close: Hong Kong surges, Nikkei pauses; Sensex ends 182 pts higher

    Asian markets close: Hong Kong surges, Nikkei pauses; Sensex ends 182 pts higher

    May 14, 2025
    Burberry share price jumps 15% on cost cuts and upbeat results; analysts urge caution, say Asian market still a concern

    Burberry share price jumps 15% on cost cuts and upbeat results; analysts urge caution, say Asian market still a concern

    May 14, 2025

    Latest News

    • Asian markets close: Hong Kong surges, Nikkei pauses; Sensex ends 182 pts higher
    • Burberry share price jumps 15% on cost cuts and upbeat results; analysts urge caution, say Asian market still a concern
    • US stocks look to extend gains: Nasdaq climbs 0.5%, S&P up 0.2%

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.