Suddenly, All Bets Are Off In Taiwan

Two years ago, it seemed Taiwan was going to be the next big player in world aerospace. After all, the government and its wealthy frIends planned to invest billions in Taiwan Aerospace. Nobody was paying much attention to some noisy critics of Taiwan's ruling party. But when Taiwan Aerospace signed a $2 billion deal with McDonnell Douglas Corp., angry opponents tore the scheme apart. Now, a less ambitious plan to build narrowbody jets with British Aerospace PLC is also in trouble. Once, Taiwan had a chain of command that was clear, says the shaken president of Taiwan Aerospace, Denny R.S. Ko. But "like a lot of people, I misread the breadth of political change."

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