Yes too bad. Put near 2000 people out of work. Not only compensation paid, but govt sanctions to punish the airline after it's two accidents in two years (reduced flights, no new routes for a year, etc) plus 7 quarters of red ink finally forced them into suspension of operations. Next stop: liquidation of assets.
Formerly Taiwan's oldest airline (which had a previous 30 years of cessation of flight though). They stayed relevant through their catering and ground handling arms.