The China Post
Date: November 23, 2016
TAIPEI, Taiwan — Travel agencies were busy counting their losses on Tuesday following an unexpected
announcement by TransAsia Airways (復興航空) that it was withdrawing from the aviation market.
TransAsia announced on Tuesday that all of the airline’s flights would be terminated effective immediately, after an extraordinary board meeting passed a resolution to dissolve the company. In addition to domestic routes, TransAsia also flies to Japan, South Korea, China, Hong Kong, Macau, Thailand and Cambodia.
The company estimated that 100,000 passengers would be affected. Liao Chao-yang, vice president of Star Travel, said although TransAsia is not a major airline, the unexpected nature of the decision would have a major impact on the travel industry and caught travel agencies by surprise.
With Star Travel alone. 2100 people are booked on TransAsia flights or package tours using TransAsia flights scheduled to depart before Chinese New Year, with sales totaling NT$30 million, Star Travel said. [FULL STORY]