Cross-Strait flights boosted, even more to come?
Mainland China and Taiwan have struck a significant agreement to increase the number of flights across the Taiwan Strait from 108 to 270 this Summer. This will also change the designation from ‘charter’ to ‘scheduled’ services, in yet another sign of a warming of relations. Since June 2008, the two sides have reached six milestone agreements on weekend charter flights (which became weekday flights in Dec-2008), tourism, direct shipping, air transport, postal services and food safety. [1303 words]
Unlock the following content in this report:
- Timely move for struggling Mainland and Taiwan airlines...
- ...but another blow to Cathay, Dragonair and Air Macau and HK/Macau airports
- Taiwan wants more
- Outlook: Politics over economics, but some powerful arguments for closer ties
Graphs and data:
- Expanded Cross-Strait flights agreement: 24-Apr-09
- Air China, China Southern, Eva Air, China Eastern, China Airlines, Cathay Pacific share price index (1 = 05 Jan-09): Jan-09 to Apr-09
- Passenger number growth at Beijing, Shanghai Pudong, Taipei, Hong Kong, Macau Airports: Apr-08 to Mar-09
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