Taiwan’s TransAsia Ceases Operations | Aviation International News

Taiwan’s TransAsia Ceases Operations

Carrier fails to recover from deteriorating traffic and rising costs

TransAsia's fleet of 10 ATR 72-600s now sit grounded after the airline ceased operations on November 22. (Photo: ATR)

By Gregory Polek • Senior Editor

November 22, 2016

Struggling Taiwanese regional airline TransAsia Airways ceased operations on Tuesday, a week before a November 29 deadline to repay convertible bonds. The airline canceled all of its 84 scheduled flights after directors determined at an extraordinary board meeting it would likely not recover from its deteriorating financial condition.

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