Far Eastern Air Transport Corp. (FAT) from Taiwan, announced on 12 december 2019 that it will end its flight operations with effect from Friday 13 december, due to financial difficulties.
The announcement was made on FAT’s website (in Chinese), which was temporarily down earlier in the day, amid rumours that the airline was about to fold.
The Civil Aeronautics Administration is scheduled to hold a joint press conference with FAT later Thursday to give more details about the airline’s closure.
Established in 1957, the Taipei-based FAT declared bankruptcy in May 2008 but resumed operations three years later and completed bankruptcy restructuring in October 2015. Beginning in 2004, FAT invested in the Cambodian airline, Angkor Airways. Angkor Airways subsequently shut down flight operations on 9 May 2009
FAT has been operating from Taipei and Kaohsiung to five regional cities and international services to Southeast Asia, South Korea and Palau. Its main base was Taipei Songshan Airport.