Hong Kong Airlines inaugurated four daily passenger flights and all-cargo services with 650 tonnes of freight per week to Taipei or Kaohsiung. The announcement follows the signing of a revised Air Services Agreement between aviation authorities in Taiwan and Hong Kong which will further liberalise the market between the two countries. This will permit passenger flights to increase from 170 to 205 per week and cargo tonnage from 1,700 tonnes to 3,000 tonnes per week for each side. There are currently five airlines offering flights between Taiwan and Hong Kong. Cathay Pacific (37.6%) China Airlines (30.3 %), Dragonair 15.4 %), EVA Air (13.7%) and Mandarin Airlines (3.0 %).