News Listings for Xiamen Gaoqi International

  • China's TAECO to expand with fifth hangar

    News | 13 Jun 2005 23:00

    Chinese heavy maintenance company Taikoo (Xiamen) Aircraft Engineering (TAECO) is to build a fifth hangar at its Xiamen Gaoqi International airport base.<BR><BR>TAECO, a subsidiary of Hong Kong Aircraft Engineering (HAECO), says in a statement that it has signed an agreement with the Xiamen government to build the fifth hangar and ancillary facilities. It says the capital cost will be around $70 million.<BR><BR><STRONG>Completion</STRONG><BR><BR>The fifth hangar is scheduled for completion in early 2007, says TAECO, and like the existing hangars will be able to accommodate two widebody aircraft at one time.<BR><BR>TAECO currently has three hangars while a fourth is under construction. The company announced last year that its fourth hangar would be completed in March 2006 but now says it is due to open by the end of this year.<BR><BR>The additional hangars "will provide the required additional capacity for the robust cargo conversion business and increasing workloads on heavy maintenanc
  • China opens door to fifth freedoms

    News | 30 Apr 2003 23:00

    <p>Singapore Airlines (SIA) is the first foreign carrier to win rights to operate services beyond China to third countries providing further evidence of how China is opening its doors to the outside world.</p> <p>SIA's cargo subsidiary SIA Cargo secured fifth freedom, or beyond rights, to operate its Boeing 747-400 freighters to Chicago via Xiamen and Nanjing as part of a new air services agreement signed in December. China says that "this will be the first time the Chinese mainland has granted fifth freedom rights to a foreign air carrier". While a small first step, it is an important one and authorities are hinting that similar rights could be awarded to other carriers in future.</p> <p>"It is necessary to grant fifth freedom rights to foreign air carriers if China wants to enhance its competitive advantage as a regional hub," says a Xiamen Gaoqi International Airport executive. China for years maintained a relatively restrictive bilateral air services regime, but it has been pursu
  • Taiwanese to invest in China terminal

    News | 06 Aug 2001 23:00

    <p>EVA Airways and Far Eastern Air Transport (FAT) have been granted permission by Taiwan's Investment Commission to invest in a cargo terminal venture at China's Xiamen Gaoqi International Airport, clearing the way for the project. </p> <p>EVA and FAT, along with China Airlines (CAL) and Taiwan Airport Services (TAS) will each invest around $3.4 million. The four companies will take a combined 49% stake in the 220 million yuan ($27 million) venture, leaving 51% for Xiamen Airport. Construction of the project providing cargo handling, storage, transportation and related services should begin in August, with operations beginning next July or August.</p>
  • China-Taiwan links move closer

    News | 30 Jun 2001 23:00

    <p>NICHOLAS IONIDES SINGAPORE</p> <p>Relations appear to be improving between Taiwan and China, which could lead to the resumption of direct flights between them. Taiwan has bid to invest in two cargo projects on the mainland. </p> <p>Taiwan's China Airlines (CAL), its 47%-owned Taiwan Airport Service, EVA Airways and Far Eastern Air Transport are jointly pursuing 49% of a cargo services project at Xiamen Gaoqi International Airport. CAL is also separately working to revive stalled efforts to take a minority stake in Shanghai-based China Cargo Airlines, which is 70%-owned by China Eastern. </p> <p>Analysts say the willingness of airlines and aviation authorities from both sides to move closer together bodes well for wider relations, and could lay the foundation for an eventual resumption of direct flights between the two. China considers Taiwan a renegade province and there are no direct air links between them, forcing passengers to make transit stops, typically in Hong Kong or Maca
  • Taiwanese cargo move could restart direct flights to China

    News | 11 Jun 2001 23:00

    <p>DAVID FULLBROOK / SINGAPORE</p> <p>Four carriers bid to be part of Xiamen Gaoqi venture</p> <p>China Airlines (CAL) and EVA Airways are among four Taiwanese companies jointly seeking a 49% stake in a cargo services project at China's Xiamen Gaoqi International Airport in a politically charged move that could eventually pave the way for a resumption of direct flights. </p> <p>Construction of the cargo handling, storage, transportation and related services project is due to begin in July, with operations starting around July next year. </p> <p>Taipei-based China Airlines (CAL), EVA Airways, Far Eastern Air Transport and Taiwan Airport Service all hope to be involved, with individual stakes of between 12% and 16%. </p> <p>Delays could occur if the companies' boards are slow to approve the 220 million yuan ($27 million) project, which will be 49%-owned by the Taiwanese firms and 51% by Xiamen airport. Taiwan's authorities should back the project, however, as it is seen as a key ste