The China Post news staff
The China Post news staff–After about a 3-year suspension, Far Eastern Air Transport (FAT), the domestic airline which filed bankruptcy in 2008, plans to resume service on Monday, April 18. Established in 1957, FAT provided domestic services from Taipei and Kaohsiung to five regional cities in Taiwan.
The airline announced its bankruptcy and stopped all flights in mid May 2008 due to a series of financial crises and wage disputes. The company was ordered by the court to restructure in May 2009. According to Yin Chen-pong, director general of Civil Aeronautics Administration (CAA), the agency which approves FAT’s application for service resumption, FAT has increased capital by NT 1.19 billion and set aside NT 500 million performance bond to guarantee consumer rights protection. CAA may grant flight certificate to FAT next week if the airline passes the final inspection on the preparations for restarting. After the airline resumes business, initially it schedules two flights from Taipei to Kinmen every day at the price of NT$2,050, which is lower than other domestic airlines. The same trip is priced at NT$2,088 by TransAsia Airways, NT$2,090 by Mandarin Airlines, and NT$2,220 by Uni Air.