Taipei Times
Date: Apr 04, 2018
By: Sean Lin / Staff reporter
The Legislative Yuan yesterday approved draft amendments to the Civil Aviation Act (民用航空法) that include a provision stipulating that airline owners who unexpectedly close down their airlines would face a maximum prison term of three years and a maximum fine of NT$200 million (US$6.86 million).
The draft amendments were proposed in light of TransAsia Airways’ unexpected closure in 2016, which caused losses to its passengers and shareholders.
According to the amended act, airlines must submit a closure plan to the Civil Aeronautics Association (CAA) two months before they intend to end operations.
Airlines that breach this rule would face a fine of between NT$600,000 and NT$3 million, while their owners could be fined between NT$600,000 and NT$12 million.
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