The instability of South Korea's currency prompted buyers in the west to shift orders to Taiwanese manufacturers. However, this route was temporarily suspended seven months later due to the regional slowdown. Profits were down sharply in , and EVA posted a loss in the first half of the year.
Plans to buy a dozen Airbus passenger jets were also scrapped. Like rival China Airlines, it was expanding its cargo fleet in anticipation of a boom in freight upon the Asian economy's recovery.
In the same month, earthquakes knocked out power to some Taiwanese electronics firms, disrupting shipments. This may not have been the best introduction to an initial public offering, but EVA pressed on with plans to go public on October 27, One percent of EVA's shares were designated for this over-the-counter offering.
The parent company, Evergreen Marine Corporation, owned a quarter of the airline's shares and EVA employees owned another 25 percent. The company's listing moved to the Taiwan Stock Exchange in September Delivery of three Boeing super freighters, each with a capacity of tons, began in August A slowdown in Taiwan's high-tech economy soon hurt cargo volume, however, while the same recession, plus the aftermath of the September 11 attacks on the United States, cut into passenger traffic.
Layoffs and other cost-cutting measures followed. Transpacific routes were the hardest hit, while European and Asian routes rebounded fairly quickly. She had been president of Evergreen Sky Catering since ; before that, she held a variety of posts at Evergreen International and Evergreen Marine. A bright spot on the horizon for EVA and other local carriers was the possibility of direct flights between Taiwan and Mainland China, as both countries were joining the World Trade Organization.
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I would like to use event code More information of Event Code. Enter ticket or EMD number 13 digits. Please skip if you do not have a first name. Not a member yet? Join now! Royal Laurel Class provides passengers with comfortable sleeping space for a sufficient rest that is free from disturbances. The most advanced in-flight entertainment system in the world. Eva Airways Corp. Concord Pacific Ltd. Evergreen Airline Services Corp. Evergreen Aviation Technologies Corp. UNI Airways Corp.
Hsiang-Li Investment Co. Competitors China Airlines Ltd. Latest Developments More. Industry Airline. Contact Info No. Key Stats 2. Return on Investment TTM. Return on Equity TTM. Latest News Latest News. Cabin crew urge Taiwan's Eva Air to resume talks amid week-long strike Flight attendants at Taiwan's Eva Airways Corp urged the airline on Thursday to restart negotiations to end a week-long strike that has seen hundreds of international flights cancelled.
Strike forces Taiwan's Eva Air to cancel scores of flights Taiwan's Eva Airways Corp said it had cancelled 71 flights on Friday, affecting around 15, passengers, due to a strike by flight attendants over pay. Taiwan's Eva Airways attendants to strike over pay - official media Flight attendants for Taiwan's Eva Airways will go on strike later Thursday, the official Central News Agency reported, after their union failed to reach an agreement with the company in pay negotiations.
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