The story
Foshing Airlines
On 21 May 1951, FOSHIN TRANSPORT CORP. (Foshing Airlines) was formed as the first private civil airline in Taiwan, flying the Taipei - Hualien - Taitung - Kaohsiung route. It also served as local agent for foreign airlines and provided airport ground handling services for foreign airlines.
On 16 October 1958, the management of the airline decided to concentrate its attention on the agency businesses, ceasing domestic services, and strengthening the agency business. It established its airline meal catering services at Songshan Airport (TSA) in 1966. The airline completed a restructure in 1983 and in 1988, domestic flights resumed after a 30-year absence from the market. In 1991, the first ATR 72 aircraft joined the airline.
TransAsia Airways
Upon launching international routes in January 1992, the English translation changed to "TransAsia Airways" while the Chinese name remained the same. In 1992, unscheduled charter services to international destinations, including Laoag, Manila, Cebu, Phnom Penh, Surabaya, Yangon, Phuket, Danang, and Manado, started. The Airbus A320 joined the fleet, becoming the airline's first jet aircraft.
In 1995, the first scheduled international services started to Macau and Surabaya. In early 2012, the airline was reported to be considering an order for Airbus A380 aircraft to facilitate expansion to the United States.
On 1 November 2011, TransAsia Airways was listed on the Taiwan Stock Exchange. In May 2013, the headquarters moved from Datong District, Taipei to Neihu District, Taipei.
In January 2014, the airline announced plans to launch a budget airline named V Air. It commenced operations in December of that year. The budget airline closed on 1 October 2016 and merged with TransAsia.
On 21 November 2016, due to a financial crisis caused by the crashes of Flight 222 and Flight 235, the airline suspended all operations and refunded ticketed passengers. The trading of its stock was suspended simultaneously. The next day, the airline announced an indefinite suspension of operations and refunded all passengers with outstanding tickets. As of 2017, some routes operated by TransAsia Airways had been reopened by EVA Air, specifically Taipei Songshan to Chongqing, Hangzhou (operated by UNI air), and Tianjin.
On 11 January 2017, the company's shareholders voted to liquidate it.
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On 29 June 2018, the company entered bankruptcy and its license was permanently revoked on July 1.
From Wikipedia’s article on TransAsia Airways, shared under CC BY-SA 4.0.4
