TransAsia to continue with company closure plan

TransAsia Airways (復興航空), a Taiwan-based mid-sized international carrier, said on 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.

Although former CAA Director-General Billy Chang (張國政) announced earlier on Tuesday that he has been commissioned by backers from the high-tech sector to express an interest in taking over TransAsia, the CAA said it had received no application from TransAsia to resume operations as of Tuesday afternoon.

Chang told CNA on Tuesday afternoon that if the CAA went ahead with its decision to revoke TransAsia’s flying rights, the plan to take over the airline would be withdrawn.

TransAsia spokesman Liu Chung-chi (劉忠繼) said late on Tuesday that the company had sent a letter to the CAA detailing the company’s plan to lay off employees, refund passengers and travel agencies.

Asked whether there had been any new developments following a meeting between Chang and TransAsia Chairman Vincent Lin (林明昇) earlier on Tuesday, Liu said the decision to close the company remained unchanged.

Source: Focus Taiwan News Channel

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