- 為什麼經濟部會虧錢不心痛?
]. 該公司總經理年薪 1,000 萬元台幣. 約一年前該總經理宣稱收到訂貨兩百多架飛機. 然而八月初傳出第一架飛機不合規格而有落標危機. 極需 1,700萬美金補償來補救訂單. -
--- HC 題供相關消息.
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Big Eagle found in June news in 6/02/2006 this news:
Sino Swearingen seeks local money
DPA , TAIPEI
Friday, Jun 02, 2006,Page 11
A Taiwan-US joint venture aircraft company formed to make business jets has run into financial trouble and is seeking funding from Taiwan, a newspaper report said yesterday.
The Sino Swearingen Aircraft Corp (SSAC, 華揚史威靈) is seeking US$30 million in funding from local shareholders who hold a 90 percent stake in the company, the Chinese-language China Times said.
But the Taiwanese government, a promoter of the joint venture and one of its shareholders, is reluctant to approve the fund-injection because the company was formed 11 years ago but has not yet begun mass production.
"Maybe its situation is not that bad, but we have asked SSAC to hold a shareholders' meeting in Taipei to win support. Our aim is for mass production begin as soon as possible," the paper quoted Vice Minister of Economics Affairs Steve Chen (陳瑞隆) as saying.
Based in San Antonio, Texas, SSAC is a joint venture between the Swearingen Aircraft Corporation and Taiwan's Sino Aerospace Investment Corp, which holds a nearly 90 percent stake.
Manufacturing takes place in West Virginia.
With the backing of Taiwan's government and US Senator Jay Rockefeller, SSAC was founded in 1995 to produce business jets.
Taiwan hoped that transfer of technology from the US could help the nation's aerospace industry take off, but the Taiwanese media suspected the deal was also politically-motivated because the government wanted to build closer ties with the US.
In October last year, SSAC's twin-engine SJ30-2 was certified by the US Federal Aviation Administration, clearing the way for mass production of the US$5.5 million, seven-seat jet.
SSAC has received orders for 299 SJ30-2 executive jets and is in the process of assembling nine.
This story has been viewed 578 times. (Taipei Times)
...more follow-up:
MOEA denies SSAC has financial woes
By Jessie Ho
STAFF REPORTER
Wednesday, Jun 14, 2006,Page 12
The Ministry of Economic Affairs (MOEA) said yesterday that the operation of Sino Swearingen Aircraft Corp (SSAC) is normal, denying there had been financial irregularities at the Taiwan-US joint-venture aircraft maker.
The Chinese-language United Daily News reported on Monday that SSAC's average monthly expenditure was US$4 million, but that amount rose to US$7.8 million in the first half of the year.
The ministry said in a statement that after obtaining a "type certificate" from the US Federal Aviation Administration last October, SSAC began production of nine SJ30-2 aircraft, which means it needs more funds.
SJ30-2 is a seven-seat aircraft that SSAC claims is the world's fastest long-haul light business jet. SSAC has received 299 orders, the ministry said, adding that it sent a team to investigate SSAC's finances in February.
SSAC's operations are normal, the ministry said.
It noted that the company is also in talks with Wachovia Corp for a loan of US$100 million to US$150 million, which is expected to be finalized in four months.
The company was formed by Swearingen Aircraft Corp and Sino Aerospace Investment Corp (華揚航太投資) in 1999. Sino Aerospace Investment, an investment unit of Yao Hua Glass Co (耀華玻璃), has invested US$565 million in SSAC and holds a nearly 90 percent stake in the company.
This story has been viewed 425 times.
more follows:
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KMT lawmaker criticizes Sino-Swearingen funding
AP , TAIPEI
Wednesday, Jul 12, 2006,Page 11
A struggling government-funded aircraft company in the US should be shut down if it can't raise new funds in the private sector, an opposition lawmaker said yesterday.
Taiwanese officials acknowledge that despite an investment of more than US$500 million since its establishment in 1996, the Sino-Swearingen Co of Martinsburg, West Virginia, will only deliver its first SJ30-2 six-seat corporate jet this month.
The aircraft carries a price tag of about US$6.5 million.
The Taiwanese government is the majority share holder in Sino-Swearingen and appoints its top management. The venture's other big equity holder is Swearingen Aircraft Co of San Antonio, Texas.
"The government of Taiwan should not pour more money into the company, and if it cannot finance itself it should shut down," Lai Shyi-bao (賴士葆) of the Chinese Nationalist Party (KMT) said.
On Monday Vice Economics Minister Steve Chen (陳瑞隆) said Sino-Swearingen plans to raise up to US$150 million through a US investment bank after the Taiwanese government invests an additional US$15 million, which he indicated would be the last Taiwanese funding it receives.
A Taiwanese official said that while Sino-Swearingen has the ability to produce a high-quality, competitive product, management problems and the loss of critical engineering and other talent were impeding its ability to function properly.
Taiwan originally invested in the SJ30-2 project as part of its efforts to build up the island's aerospace industry, in the hope that many of the jet's components would be subcontracted to Taiwanese manufacturers.
This story has been viewed 462 times.
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