Taiwan airline Transasia to shut down after suffering losses
Its board will dissolve the ill-fated carrier which has been grounded by losses
Wed, Nov 23, 2016 - 5:50 AM
TransAsia, which has been the subject of investigations for two fatal crashes since 2014, has seen its shares fall by about 56%, while the benchmark Taiex index dropped 3.7 per cent over the same period.
TRANSASIA Airways Corp, the Taiwanese airline that suffered two fatal crashes in the last two years, said its board decided to dissolve the company after the disasters worsened its finances amid a weak regional market.
The Taipei-based airline, whose board met early on...