NEW BOSS:Chang Kuo-hua’s elder brother, Chang Kuo-wei, has taken over leadership of the company following a succession battle after the death of the company’s founder
Date: Jun 27, 2017
By: Ted Chen / Staff reporter
Former EVA Air Corp (長榮航空) chairman Chang Kuo-wei (張國煒) yesterday completed his exit from the
company as he prepares to reenter the industry with his own carrier, StarLux Airlines (星宇航空).
Although Chang remains a major shareholder in the company with a 11.45 percent stake, after its board of directors election yesterday he has made a clean exit from EVA Air.
With his stake, Chang could have appointed up to two representatives on EVA Air’s board, market commentators have said.
Meanwhile, leadership of the company has been fully secured by Chang Kuo-hua (張國華), Chang Kuo-wei’s elder brother, who has prevailed in the succession battle that followed the death last year of Evergreen Group (長榮集團) founder Chang Yung-fa (張榮發).
EVA Air chairman Steve Lin (林寶水) gave shareholders a cautious outlook on earnings for the second half of this year, saying that the company is expecting to see a recovery in the peak summer season, but prospects are not as favorable as in previous years.
Lin said that the carrier expects to see its load factor increase by 20 percent annually, as efforts from the past two years to improve transfer routes in North America and Southeast Asia begin to take hold. [FULL STORY]