EVA investors fret as airline ousts chairman

Taipei

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 that they, too, may get burned.

Chang Kuo-wei, also a pilot for a carrier that he had led since 2013, had just flown an EVA jet to Singapore when he was ousted at a March 11 board meeting called by his three older brothers, according to an EVA spokesman and his lawyer. No reason for the move was given when EVA announced it later that day.