Ouch! I am reading losses widened from 1.1 billion TWD last year to this year's so far 2.2 billion TWD so management decided to close down while "assets exceeded liabilities". They own 11 of their 26 planes apparently . I don't know how the planes are valued at fire sale prices.
It was reported they owe banks at least USD 350 plus million. So it is going to be "interesting" how it is all going to pan out. Ci, which is largely govt owned (while EVA is not) has been drafted to go in there and honor the 100,000 or so already sold tickets and run the flights (at a huge loss to Ci I am sure, as it is unsure if Ci will actually see any money). The banks are rushing in to "secure assets" . It's a mess.
Good Luck getting the deposit back !!
http://www.taipeitimes.com/News/biz/.../28/2003660113