TransAsia admits defeat

Established in 1951, senior management of Taiwan-based private carrier TransAsia Airways have conceded defeat and closed down the airline.
TransAsia, which has carried small amounts of cargo, suffered two crashes in recent years – one in 2014 and one in 2015 – and lack of confidence in the airline’s safety did not help a financial situation which clearly became too difficult to overcome.
In August, TransAsia’s board officially announced service suspension of V Air, its 100% owned low-cost airline, on October 1. The collapse of the parent carrier has followed not long after.