Go Back  PPRuNe Forums > Flight Deck Forums > Rumours & News
Reload this Page >

TransAsia in the water?

Rumours & News Reporting Points that may affect our jobs or lives as professional pilots. Also, items that may be of interest to professional pilots.

TransAsia in the water?

Old 5th Jul 2016, 17:42
  #741 (permalink)  
 
Join Date: Sep 2006
Location: Pergatory
Posts: 1
Likes: 0
Received 0 Likes on 0 Posts
I was taught IDENTIFY>VERIFY>SECURE. In crewed operations, every one of these are CONFIRMED by both crewmembers out loud...

What I am having a hard time understanding is what the training captain was doing this entire time...it's almost like he treated it like a training session and kept his mouth shut.
formulaben is offline  
Old 21st Nov 2016, 11:25
  #742 (permalink)  
 
Join Date: Nov 2007
Location: India
Posts: 25
Likes: 0
Received 0 Likes on 0 Posts
TransAsia Airways to suspend operations: CAA | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

If you think safety is expensive, try having an accident.
peterporker is offline  
Old 22nd Nov 2016, 02:45
  #743 (permalink)  
 
Join Date: Aug 2007
Location: Taiwan
Posts: 3
Likes: 0
Received 0 Likes on 0 Posts
More info here


TransAsia abruptly halts flights - Taipei Times
WaiFei is offline  
Old 22nd Nov 2016, 07:31
  #744 (permalink)  
 
Join Date: Jul 2007
Location: the City by the Bay
Posts: 545
Likes: 0
Received 0 Likes on 0 Posts
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.
armchairpilot94116 is offline  
Old 22nd Nov 2016, 08:05
  #745 (permalink)  
 
Join Date: Feb 2005
Location: Adelaide, Australia
Posts: 103
Likes: 0
Received 0 Likes on 0 Posts
Seems a bit dodge... airlines gives 1 days notice and suspends all flights for a day... Continues to sell holidays and packages even when they have known they were going to suspend flight.. If you look into the finances, you'll find KMT central investments holding company produces about 15% of the shares in the airline...(previous government power)... with them no longer in power and struggling for money, you wonder where the finances in the airline have been redirected to... looks like there will be some spare A320/A321 and A330s for sale now...
aviator's_anonymous is offline  
Old 22nd Nov 2016, 14:54
  #746 (permalink)  
 
Join Date: Oct 2016
Location: Taipei
Posts: 2
Likes: 0
Received 0 Likes on 0 Posts
TransAsia Airways to be dissolved | Society | FOCUS TAIWAN - CNA ENGLISH NEWS

TransAisa Airways will be desolved.
slavis is offline  
Old 24th Nov 2016, 07:01
  #747 (permalink)  
 
Join Date: Jul 2007
Location: the City by the Bay
Posts: 545
Likes: 0
Received 0 Likes on 0 Posts
China Airlines to fly TransAsia routes - Taipei Times

Taiwan handles these things differently ! China Airlines to step in and take over the Trans Asia routes and honor the existing tickets. The Govt will freeze TRans Asia assets to pay for these flights as well as compensate employees.

In other news Ci and EVA looking to hire Trans Asia pilots. Maybe the mechanics, ground crew, flight attendants, etc can also apply.

Oh and the Chairman restricted from leaving the island and being investigated (along with other execs) for insider trading.
armchairpilot94116 is offline  
Old 24th Nov 2016, 11:57
  #748 (permalink)  
ZFT
N4790P
 
Join Date: Jun 2002
Location: Asia
Age: 72
Posts: 2,171
Likes: 0
Received 0 Likes on 0 Posts
A good start. Now what about all their suppliers and other creditors. Strange that they only sold and leased back their ATR 600s last week in Dubai for example!!!

The CAAT and Taiwan in general is going to be assessed on how this is handled, and yes, I have a (6 figure) vested interest
ZFT is offline  
Old 24th Nov 2016, 16:35
  #749 (permalink)  
 
Join Date: Jul 2007
Location: the City by the Bay
Posts: 545
Likes: 0
Received 0 Likes on 0 Posts
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

Last edited by armchairpilot94116; 28th Nov 2016 at 07:40. Reason: additional info
armchairpilot94116 is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2022 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.