TransAsia cancels flights for pilot retraining
http://atwonline.com/safety/transasia-c ... retraining
ATR crash Transasia in Taiwan (again)
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Boeing767copilot
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Desert Rat
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Re: ATR crash Transasia in Taiwan (again)
Probably the most decent action they can take.
Re: ATR crash Transasia in Taiwan (again)
and pilots under contract, not self employed.
Re: ATR crash Transasia in Taiwan (again)
Bloomberg: "Taiwan Airline TransAsia to Shut Down After Suffering Losses"
Taiwanese carrier TransAsia Airways Corp. decided to close down operations after two fatal crashes in the last two years pushed it into losses. After a board meeting early Tuesday, the Taipei-based airline said in a statement that it won’t be able to repay convertible bonds due Nov. 29, but will compensate affected customers in full. The carrier was losing as much as NT$300 million ($9.4 million) a month, Chairman Vincent Lin told reporters in the city. Shareholders will vote on the decision on Jan. 11. “We decided to dissolve the company when we’re still able to handle creditors, passengers and employees,” Lin said. “It’s doubtful if we would be able to do it in six months.”
At the center of air-safety investigations by authorities for the disasters in 2014 and 2015 that killed a combined 91 passengers, the company has reported losses in each of the past seven quarters totaling NT$3.4 billion, according to data compiled by Bloomberg. The carrier is also being probed by regulators for alleged insider trading in the company’s shares prior to disclosures that it was halting flights on Tuesday.
Source:
https://www.bloomberg.com/news/articles ... ing-probed
Crash Transasia AT72 at Makung on Jul 23rd 2014, impacted buildings on approach:
http://avherald.com/h?article=477bcc95&opt=0
Crash Transasia AT72 at Taipei on Feb 4th 2015, right engine failed, left engine shut down, aircraft rolled sharply and lost height shortly after takeoff:
http://avherald.com/h?article=48145bb3&opt=0
Taiwanese carrier TransAsia Airways Corp. decided to close down operations after two fatal crashes in the last two years pushed it into losses. After a board meeting early Tuesday, the Taipei-based airline said in a statement that it won’t be able to repay convertible bonds due Nov. 29, but will compensate affected customers in full. The carrier was losing as much as NT$300 million ($9.4 million) a month, Chairman Vincent Lin told reporters in the city. Shareholders will vote on the decision on Jan. 11. “We decided to dissolve the company when we’re still able to handle creditors, passengers and employees,” Lin said. “It’s doubtful if we would be able to do it in six months.”
At the center of air-safety investigations by authorities for the disasters in 2014 and 2015 that killed a combined 91 passengers, the company has reported losses in each of the past seven quarters totaling NT$3.4 billion, according to data compiled by Bloomberg. The carrier is also being probed by regulators for alleged insider trading in the company’s shares prior to disclosures that it was halting flights on Tuesday.
Source:
https://www.bloomberg.com/news/articles ... ing-probed
Crash Transasia AT72 at Makung on Jul 23rd 2014, impacted buildings on approach:
http://avherald.com/h?article=477bcc95&opt=0
Crash Transasia AT72 at Taipei on Feb 4th 2015, right engine failed, left engine shut down, aircraft rolled sharply and lost height shortly after takeoff:
http://avherald.com/h?article=48145bb3&opt=0