At 'Hello Kitty' airline EVA, investors fret after chief ousted in family feud
A battle among brothers for control of one of Taiwan's biggest conglomerates boiled over into the public domain last week when EVA Airways ejected its chairman. Now investors in a rising star among Asian airlines fear they, too, may get burned. Chang Kuo-Wei was ousted at a March 11 board meeting called by his 3 older brothers, according to an EVA spokesman and Chang's lawyer. No reason for the move was given when EVA announced it later that day. At stake for the Chang family is control of shipping and transport giant Evergreen Group, whose founder and patriarch Chang Yung-fa died in January. For institutions invested in EVA, like the Vanguard Group and BlackRock, the question is simpler: will the US$2b airline stick to long-haul expansion plans and record new jet orders mapped out by its former boss? <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-03-18/star/at-hello-kitty-airline-eva-investors-fret-after-chief-ousted-in-family-feud
https://portal.staralliance.com/imagelibrary/logo.png
At 'Hello Kitty' airline EVA, investors fret after chief ousted in family feud
A battle among brothers for control of one of Taiwan's biggest conglomerates boiled over into the public domain last week when EVA Airways ejected its chairman. Now investors in a rising star among Asian airlines fear they, too, may get burned. Chang Kuo-Wei was ousted at a March 11 board meeting called by his 3 older brothers, according to an EVA spokesman and Chang's lawyer. No reason for the move was given when EVA announced it later that day. At stake for the Chang family is control of shipping and transport giant Evergreen Group, whose founder and patriarch Chang Yung-fa died in January. For institutions invested in EVA, like the Vanguard Group and BlackRock, the question is simpler: will the US$2b airline stick to long-haul expansion plans and record new jet orders mapped out by its former boss? <br/>
