Chinese news agency, Xinhua, has reported that Far Eastern Air Transport Corp. (FAT), a Taiwan-based carrier, suspended operations without warning due to a shortage of capital.
FAT chairman, Chang Kang-wei, said that the company has approached three groups of investors, and if those funds are secured, he hopes flights could be resumed soon.
Related posts
QANTAS A380s TO BE GROUNDED FOR SUMMER SEASON
By
Dino D'Amore
12th November 2010