StarLux Airlines Co (星宇航空) is to launch services from Taoyuan to Singapore later this month and is planning to offer more weekly flights to Southeast Asia, as it expects a rebound in travel demand, the carrier said on Friday.
StarLux is optimistic that international travel will recover in the second half of the year, as Taiwan has begun relaxing COVID-19 border controls, general manager Glenn Chai (翟健華) said.
The airline wants to provide more flights to satisfy rising demand, he added.
Photo courtesy of StarLux Airlines Co
The carrier is to offer three flights per week from Taiwan Taoyuan International Airport to Singapore Changi Airport, as the city-state has long been a popular destination for Taiwanese business travelers and tourists, the airline said, adding that a fourth weekly service would be added next month.
The airline is also planning to next month increase the number of weekly flights to Kuala Lumpur and Penang, Malaysia, as well as Bangkok, Manila and Ho Chi Minh City, while later this year it would launch services from Taoyuan to Osaka, Japan.
StarLux has two wide-body Airbus 330neo airplanes to serve routes to Thailand and Ho Chi Minh City, and would also use them for flights to Singapore and Osaka, it said.
The carrier this month received its ninth Airbus 321neo and is planning to take delivery of two new Airbus 330neos by the end of the year, it said.
While other airlines have shifted to air cargo services to offset the loss in passenger revenue during the COVID-19 pandemic, StarLux’s cargo capacity remains limited. It reported a net loss of NT$1.22 billion (US$40.78 million) in the first quarter of the year, the worst among its local peers.
It has reported net losses of NT$8.15 billion since it began operations in 2020.
Malaysia is scrambling to protect its assets as the descendants of the last sultan of the remote Philippine region of Sulu look to enforce a US$15 billion arbitration award in a dispute over a colonial-era land deal. In 1878, two European colonists signed a deal with the sultan for the use of his territory in present-day Malaysia — an agreement that independent Malaysia honored until 2013, paying the monarch’s descendants about US$1,000 per year. Now, 144 years later after the original deal, Malaysia is on the hook for the second-largest arbitration award on record for stopping the payments after a bloody incursion
RECOVERED CONFIDENCE: As market rationality returns, Taiwanese stocks that have lagged behind their US peers might soon catch up, Allianz researchers said Local shares last week defied heavy pressure from China’s military drills in waters around Taiwan, and investors this week are expected to pay attention to earnings results from several tech heavyweights as well as the latest economic data on exports and GDP. The TAIEX closed at 15,036.04 points on Friday, posting a weekly increase of 0.24 percent from 15,000.07 on July 29, Taiwan Stock Exchange data showed. Over the same period, the FTSE TWSE Taiwan 50 Index, which comprises Taiwan’s top 50 stocks in terms of market capitalization, closed up 0.93 percent at 11,750.15 points, while the Formosa Stock Index, which measures
Pharmaceutical start-up AcadeMab Biomedical Inc (研生生醫) said it has been developing a COVID-19 antibody drug, an endeavor not being undertaken by many other Taiwanese pharmaceutical firms. The company was spun off from Academia Sinica’s Institute of Cellular and Organismic Biology in 2020 and has only 16 employees. It has set its sights on the innovative field of the monoclonal antibody treatment of tumors. The start-up began developing antibody drugs in January, after seeing that COVID-19 vaccines could not effectively protect people from new variants of SARS-CoV-2, AcadeMab Biomedical chief strategy officer Pearl Fong (俸清珠) said in an interview with the Taipei Times
FORECAST EXCEEDED: China’s curbs on some Taiwanese goods are unlikely to affect trade given inter-reliance in the electronics industries, a finance ministry official said Exports last month spiked 14.2 percent to US$43.32 billion, the second-highest increase on record and the 25th consecutive month of gains, driven by global demand for electronics used in high-performance computing and vehicles, the Ministry of Finance said yesterday. The ministry expects the trend to sustain this month and beyond, although the pace could slow due to inventory corrections for laptops, smartphones and other consumer electronics. “The July results proved stronger than expected despite rising fears over economic uncertainty,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) said, adding that a high sales season in the West and stabilized COVID-19 infections in China

source

Shop Sephari