Taiwan’s FAT says closure notice mistakenly issued
Taiwan’s Far Eastern Air Transport (FAT) rescinded last week’s closure notice but is subject to punitive action from the CAA. Chairman Chang Kang-wei has suggested that the notice was mistakenly issued by airline executives after he was absent for 15 days. “The company is not in any arrears, including salaries. Also, we have no intention to close the business,” he said. Chang is optimistic that FAT would resume operations soon as it is due to receive fresh capital. “Over the next two weeks, investor funds will fall into place, and there is an advance of approximately US$33.1m.” Meanwhile, the carrier’s operations remain suspended as CAA deliberates punitive action. Local media reports that the carrier’s fate will be determined by a transport ministry ruling and it can appeal its case before Dec 18. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-12-17/unaligned/taiwan2019s-fat-says-closure-notice-mistakenly-issued
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Taiwan’s FAT says closure notice mistakenly issued
Taiwan’s Far Eastern Air Transport (FAT) rescinded last week’s closure notice but is subject to punitive action from the CAA. Chairman Chang Kang-wei has suggested that the notice was mistakenly issued by airline executives after he was absent for 15 days. “The company is not in any arrears, including salaries. Also, we have no intention to close the business,” he said. Chang is optimistic that FAT would resume operations soon as it is due to receive fresh capital. “Over the next two weeks, investor funds will fall into place, and there is an advance of approximately US$33.1m.” Meanwhile, the carrier’s operations remain suspended as CAA deliberates punitive action. Local media reports that the carrier’s fate will be determined by a transport ministry ruling and it can appeal its case before Dec 18. <br/>
