Business | Former regulatory head seeks to take over TransAsia: reports
Taiwan's troubled TransAsia Airways announced last week that it is to be dissolved. Photo: AFP
Taiwan's troubled TransAsia Airways announced last week that it is to be dissolved. Photo: AFP

Former regulatory head seeks to take over TransAsia: reports

Local newspaper quotes Chang Kuo-cheng as saying he wants to help airline

November 29, 2016 4:19 PM (UTC+8)

A group led by a former Taiwanese aviation regulatory official is seeking to take over TransAsia Airways Corp, according to local newspaper Apple’s online edition. Last week TransAsia Airways said it would wind down operations.

After suffering two plane crashes in almost three years, Taiwan’s third-largest carrier said it had no choice but to seek to dissolve the company and would suspend all scheduled flights.

Chang Kuo-cheng, a former head of the island’s Civil Aeronautics Administration (CAA), told the newspaper that his team would be interested in helping TransAsia through this difficult time. His comments came just hours before the government is due to rescind the carrier’s right to operate flights.

Chang could not be reached for further comment. Representatives for TransAsia and the CAA were not immediately available for comment.

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