Evergreen Aviation Technologies Corp (EGAT, 長榮航太) yesterday unveiled its first converted cargo jet for Boeing Co, marking a breakthrough in the nation's aviation industry.
"It was a tough task for us as the jet modifications involved a large number of components and there was a pressing timeline for completion," EGAT chairman David Wang (王宜恭) said in a rollout ceremony at CKS Airport in Taoyuan.
In February last year, EGAT signed a deal with the US aerospace giant to convert three Boeing 747-400 passenger jets into 747-400 Large Cargo Freighters, marking the first such contract for the local aviation industry.
PHOTO: AP
Modifications for the second jet will be completed by the end of the year, while the third will be finished next year, according to Wang.
The converted cargo jets are said to be capable of carrying more cargo than other freighters, with a volume of 1,840m3, three times the size of the original Boeing 747-400 jet.
The modified jets also boast a unique "swing tail" design that allows fast, easy loading and unloading of the huge cargoes.
The aircraft will allow cargo delivery times to be drastically reduced, the companies said.
Over the next four years, the new cargo freighters will be used to transport to transport giant-sized Boeing 787 "Dreamliner" assemblages from around the world to the assembly site of the new aircraft in Everett, Washington.
Depending on the model, the mid-size Boeing 787s are able to carry between 210 to 330 passengers on routes of 5,000km to 16,000km.
The first Dreamliner -- which is competing with the delayed Airbus A350 -- will come out next year, with delivery and service expected in 2008.
Since the 787 program was launched in April 2004, 32 airlines have placed 424 orders with a value of US$59 billion, according to Boeing.
"This is the most successful and largest launch of a new commercial aircraft [in Boeing's history]," said Scott Strode, Boeing 787 vice president of airplane development and production.
He said the fleet of three cargo jets from EGAT will be able to meet supplies for the 787 during over the next few years, and the company will evaluate more possible orders depending on future demand for 787.
Merida Industry Co (美利達) has seen signs of recovery in the US and European markets this year, as customers are gradually depleting their inventories, the bicycle maker told shareholders yesterday. Given robust growth in new orders at its Taiwanese factory, coupled with its subsidiaries’ improving performance, Merida said it remains confident about the bicycle market’s prospects and expects steady growth in its core business this year. CAUTION ON CHINA However, the company must handle the Chinese market with great caution, as sales of road bikes there have declined significantly, affecting its revenue and profitability, Merida said in a statement, adding that it would
MARKET LEADERSHIP: Investors are flocking to Nvidia, drawn by the company’s long-term fundamntals, dominant position in the AI sector, and pricing and margin power Two years after Nvidia Corp made history by becoming the first chipmaker to achieve a US$1 trillion market capitalization, an even more remarkable milestone is within its grasp: becoming the first company to reach US$4 trillion. After the emergence of China’s DeepSeek (深度求索) sent the stock plunging earlier this year and stoked concerns that outlays on artificial intelligence (AI) infrastructure were set to slow, Nvidia shares have rallied back to a record. The company’s biggest customers remain full steam ahead on spending, much of which is flowing to its computing systems. Microsoft Corp, Meta Platforms Inc, Amazon.com Inc and Alphabet Inc are
RISING: Strong exports, and life insurance companies’ efforts to manage currency risks indicates the NT dollar would eventually pass the 29 level, an expert said The New Taiwan dollar yesterday rallied to its strongest in three years amid inflows to the nation’s stock market and broad-based weakness in the US dollar. Exporter sales of the US currency and a repatriation of funds from local asset managers also played a role, said two traders, who asked not to be identified as they were not authorized to speak publicly. State-owned banks were seen buying the greenback yesterday, but only at a moderate scale, the traders said. The local currency gained 0.77 percent, outperforming almost all of its Asian peers, to close at NT$29.165 per US dollar in Taipei trading yesterday. The
The US overtaking China as Taiwan’s top export destination could boost industrial development and wage growth, given the US is a high-income economy, an economist said yesterday. However, Taiwan still needs to diversify its export markets due to the unpredictability of US President Donald Trump’s administration, said Chiou Jiunn-rong (邱俊榮), an economics professor at National Central University. Taiwan’s exports soared to a record US$51.74 billion last month, driven by strong demand for artificial intelligence (AI) products and continued orders, with information and communication technology (ICT) and audio/video products leading all sectors. The US reclaimed its position as Taiwan’s top export market, accounting for