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Stock impact report

Taiwan Retaliates Against Chinese Airlines, Hampering Lunar New Year Travel [The New York Times]

China Eastern Airlines Corporation Ltd. (CEA) 
Photo China Eastern Airlines planes in Shanghai in 2014. The airline and Xiamen Air canceled scores of flights to Taiwan, after it declined to approve them. Credit Aly Song/Reuters TAIPEI, Taiwan — Tens of thousands of Taiwanese working in China are at risk of being unable to return home for the Lunar New Year in mid-February as a result of an escalating battle over airspace in the Taiwan Strait. On Tuesday, the Chinese carriers China Eastern Airlines and Xiamen Air announced that they had canceled 176 flights intended to meet added demand during the holiday since they had yet to receive approval from Taiwan’s Civil Aeronautics Administration. The agency said on Jan. 19 that it was denying the airlines permission for the flights because they were flying sensitive new routes in the Taiwan Strait that China began using without consulting Taiwan’s government. The move has been viewed in Taiwan as a show of disrespect, one that could h Show less Read more
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