“The company’s long-term operation due to loss of capital measures difficult”
(English Translation):
Far East Airlines reported today that it will be closed. The Civil Aviation Administration of the Ministry of Communications did not confirm it. It only responded that a press conference will be held in the Civil Aviation Administration in the afternoon and will be notified when the time is determined.
The airline currently operates a mixed fleet of MD-80s and ATR 72s and has 11 737 MAX 8s on order. FAT flies from its hub in Taipei Songshan to cities in Asia
I guess another airline gone this year in the dog eat dog airline industry. This is really sad, as they were one of the last commercial airlines operating the MD-80s. Wonder where their former assets will go to.
Vanilla Air was a merger with Peach, done by its parent company and main shareholder ANA. It was actually doing well in terms of profits, but ANA only wanted to keep a single airline, so they decided to do a merger.