FAT wants to take over TransAsia

Airline is willing to take on 1,000 staff from TransAsia

Taiwan News
Date: 2016/12/17
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Far Eastern Air Transport said Saturday it was interested in taking over defunct TransAsia Airways, including all its routes and 1,000 of its staff.

The surprise November 22 announcement by TransAsia management that it was ceasing operations amid mounting financial troubles provoked an angry response from personnel as well as an investigation into alleged insider trading.

The Civil Aeronautics Administration decided to allow China Airlines to fly TransAsia’s routes until the end of the next Lunar New Year holiday before reallocating them to other airlines.    [FULL  STORY]

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