A Brief Glimpse at The History of EVA Air
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Privately owned EVA Air has a background that is an interesting read. This company has a strong financial support base which allows them to maintain private ownership. A major investment into long-haul aircraft was one of their starting points at the birth of the company. EVA operates within Taiwan and offers domestic flights and international flights to Europe, Asia and the US. They have been flying internationally since the first half of the 1990s in addition to expanding into cargo hauling. Now that we have introduced EVA, let’s see what their track record is since their inception.
The primary headquarters for EVA is located in Luzhu, Taiwan. The individual that is in charge of all operations and business management is none other than Chang Kuo-wei who is the company president. Most of the more technical aspects of business management are handled by the board members under Chang Kuo-wei’s supervision. 2011 marked a year of change for EVA with Lin Bou-shiu taking over the reins as chairman of the board. To increase their bottom line, passenger carrier flights are not the only business aspect of this operation. Additional management duties include oversight of Evasion travel services, UNI Holidays and Evergreen Laurel Hotels.
EVA is an airline that has many subtle facets throughout the travel industry. Worldwide distribution of products goes through their EVA Air Cargo subdivision. Their partnership with Evergreen land and sea shipping on a worldwide scale provides for a thriving freight hauling enterprise. Shipping cargo is not limited to only a few resources. In regional areas near their home base of Taiwan, they also do freight hauling through their integrated network. An important aspect of the company is also their ability to lease airlines which makes them a considerable amount of money.
EVA is predominantly a privately held business, regardless of the fact they started to offer stocks in 2001. You can find EVA on the Taiwanese Stock Exchange. Nonetheless, quite a few of these holdings carry on being owned by private individuals. Following 9/11, there have been influential ramifications all over the airline industry. Those affected were not limited to US based air carriers simply because of the affect on flight operations in the US. So, in 2002, EVA responded in the best way possible, and at least they did not go out of business as others did at that time. EVA Air has rolled with all the punches that a difficult global economy presents to any airline. Considering they story is so short, beginning in 1989, they have been through a lot. In spite of the economic problems, EVA is still on course to consolidate all of the Taiwan domestic traffic. Now with better times again, EVA has passenger jets on order, and wants to expand international travel. The last few years have again been profitable, and many honors have been received for exceptional service. Since EVA is an international airline, and is owned privately, what they have accomplished is extraordinary. Think about how much tougher it was for a private company without public backing.
