Taiwan Far Eastern Air Transport flight is expected to resum

Grounded in mid-May last year, Taiwan's Far Eastern Air Transport Co., Ltd. (Far Eastern Air Transport Corp., Referred to as "Far Eastern Air Transport") to restructure the case recently in the local courts to review claims initially completed the task, the investment program of the team's proposed reorganization is expected to December 4 presented on the relationship between recombinant human joint consideration, if passed, Far Eastern Air Transport is not only expected to resume next month, flying into the follow-up funds will also be introduced.

 

Far Eastern Air due to financial problems grounded in May 2008, but did not declare bankruptcy, the Court agreed to by the end of April 2009 Far Eastern Air Transport reorganization, but were not in substantial injection of funds. The two sides after the opening of regular flights, Taiwan's markedly improved performance of the aviation industry was optimistic investors. Fu Hua Group, in October to join the investment team, the Far East go around and start to get material to promote the reorganization plan.

 

According to Taiwan media reports, the Far Eastern Air Transport executives said that after the local court to review, the Far East Air debt problem is not serious, the company has been flying for the rehabilitation efforts, including the recall of employees, to send pilots for training abroad and so on, so the company's restructuring plan agreed to be optimistic.

 

It is understood that Far Eastern Air Transport missed, apart from the cross-strait routes be retained, the company also plans to operate Kinmen, and Matsu, the offshore islands hot route Quotes.

 

Taiwan's civil aviation authorities said the Far Eastern Air Transport to be human through the restructuring of the relationship between a meeting with the creditors to reach a consensus, and reorganization plan, apply through the courts to be able to apply for re-flight.

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