The China Post
Date: November 27, 2016
By: The China Post news staff
TAIPEI, Taiwan — Formosa Plastics Group Chairman Wang Wen-yuan (王文淵) said Saturday that his
Flight routes taking effect Dec.1
group would not foray into the civil aviation industry, joking that he “can’t manage beautiful flight attendants.”
Wang made the remark when reporters asked whether Formosa Plastics was interested in taking over the financially-troubled TransAsia Airways, which made a surprise announcement of its immediate dissolution on Nov. 22.
Market observers named Formosa Plastics as one of several conglomerates likely to take over TransAsia in a bid to expand its business empire.
The group has businesses in land and marine transportation sectors, in addition to its core petrochemical business.
‘Flight attendants hard to manage’
“I’m an outsider to airline operations, and I also cannot manage beautiful flight attendants. This is why Formosa Plastics has not ventured into the aviation business and will not do so in the future,” the Formosa Plastics boss said.
Wang said he was not familiar with the Lin family, referring to TransAsia Chairman Vincent Lin and his father Lin Hsiao-hsin. [FULL STORY]
