FAT calls for TransAsia restructuring

If CAL and EVA not interested, FAT will manage the transformation

Taiwan News
Date: 2016/11/25
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Far Eastern Air Transport Chairman Chang Kang-wei joined the debate about

FAT Chairman Chang Kang-wei (left) (By Central News Agency)

FAT Chairman Chang Kang-wei (left)
(By Central News Agency)

the future of TransAsia Airways Friday by calling for its restructuring by the nation’s two main carriers.

On Tuesday, the board of TransAsia suddenly announced it was halting all flights immediately to prepare for the dissolution of the company. The decision angered passengers, travel agents, investors and staff and led to the government considering emergency solutions.

The main alternative to dissolution would be restructuring the company, but only the shareholders in TransAsia and the creditor banks would have to make such a decision, reports said.

Chang said he was willing to consider taking on the restructuring of TransAsia following calls by investors for him to do so.    [FULL  STORY]

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