TransAsia to continue with company closure plan

Focus Taiwan
Date: 2016/11/29
By: Chen Wei-ting and Evelyn Kao

Taipei, Nov. 29 (CNA) TransAsia Airways (復興航空), a Taiwan-based mid-sized international carrier, said 201611290025t0001on Tuesday that its decision to terminate operations remained unchanged and indicated it had sent a letter to that effect to the Civil Aeronautics Administration (CAA), Taiwan’s aviation authority, indicating it will accept the CAA’s plan to revoke the airline’s domestic and international flying rights.

The CAA has already fined the troubled airline NT$3 million for canceling all services without prior notification due to financial difficulties on Nov. 22. It gave the troubled airline until Tuesday to either object to the cancellation of its flying rights or present a plan to resume operations.

If TransAsia Airways failed to do so, CAA said it would revoke the company’s flying rights after submitting a report on Wednesday to the Ministry of Transportation and Communications.    [FULL  STORY]

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