Report by : Gan Yung Chyan
/ KUCINTA SETIA
Distributed to All Press & Travel Professionals
TransAsia Airways has suspended all flight and ticketing operations on 22 November 2016 as it cannot recover costs from two air crashes involving its aircraft in 2014 and 2015, and incurs debts. It also did not profit from the proposed merger deal with V Air, its low-cost subsidiary. The airline is closing down.
On 23 July 2014, TransAsia Kaohsung-Magung flight GE222 crashed into Lake Penghu due to failure in emergency landing and wrong flight direction, resulting in the death toll of 48 passengers onboard.
On 4 February 2015, another TransAsia domestic flight GE235 crashed into the Keelung River near Taipei Sungshan Airport. 43 passengers passed away and 15 passengers were injured.
In October 2016, V Air cancelled its merger deal with TransAsia Airways and is now permanently closed. V Air earlier intended to close its business for one year from 4 October 2016 to 3 October 2017 in order to merge with TransAsia according to TransAsia Airways' announcement in August 2016.
TransAsia Airways will be heavily penalized by the Civil Aviation Ministry of Taiwan for its sudden suspensions of all flights.
/ KUCINTA SETIA
Distributed to All Press & Travel Professionals
TransAsia Airways has suspended all flight and ticketing operations on 22 November 2016 as it cannot recover costs from two air crashes involving its aircraft in 2014 and 2015, and incurs debts. It also did not profit from the proposed merger deal with V Air, its low-cost subsidiary. The airline is closing down.
On 23 July 2014, TransAsia Kaohsung-Magung flight GE222 crashed into Lake Penghu due to failure in emergency landing and wrong flight direction, resulting in the death toll of 48 passengers onboard.
On 4 February 2015, another TransAsia domestic flight GE235 crashed into the Keelung River near Taipei Sungshan Airport. 43 passengers passed away and 15 passengers were injured.
In October 2016, V Air cancelled its merger deal with TransAsia Airways and is now permanently closed. V Air earlier intended to close its business for one year from 4 October 2016 to 3 October 2017 in order to merge with TransAsia according to TransAsia Airways' announcement in August 2016.
TransAsia Airways will be heavily penalized by the Civil Aviation Ministry of Taiwan for its sudden suspensions of all flights.
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