Focus Taiwan
Date: 2016/11/23
By: Wang Shu-fen and Elizabeth Hsu

(CNA file photo)

Taipei, Nov. 23 (CNA) The Civil Aeronautics Administration (CAA) on Wednesday issued an order preventing all aircraft leased or owned by TransAsia Airways from leaving Taiwan, in an effort to ensure the financially-troubled company does not move its assets beyond the jurisdiction of the Taiwan authorities.

TransAsia has been ordered to draft a plan detailing how it will dispose of the 27 registered aircraft in its fleet, after the carrier suspended all flights without any warning on Tuesday and later the same day announced the company’s intention to withdraw from the airline market, the CAA said on Wednesday.

Of the airline’s fleet, which is made up of A321, A320, A330 and ATR aircraft, 16 are leased while the rest are owned by the company.    [FULL  STORY]