The Civil Aeronautics Administra-tion (CAA) will not request that Far Eastern Air Transport Corp (FAT, 遠東航空) immediately disclose its financial statement for the last fiscal year, CAA director general Billy Chang (張國政) said yesterday.
"By law, airline companies are required to give the CAA a copy of their certified financial statement on the previous fiscal year in May," Chang said. "The administration will not ask it [FAT] to turn it in early."
A story published in yesterday's Chinese-language China Times said that some bank creditors had threatened to stop providing loans to FAT should it fail to deliver its financial statement by tomorrow.
The financial problems do not affect the company's operation, Chang said.
Meanwhile, more than 100 FAT employees gathered at the firm's headquarters near Taipei Songshan Airport yesterday to voice their support for the company.
FAT Workers Union chairman Chen Kuo-liang (
Chen asked that the China Aviation Development Foundation (CADF) help FAT resolve the financial crisis, following the precedent set by Taiwan High Speed Rail Corp (THSRC).
In 2005, the foundation provided then financially-troubled THSRC NT$4.5 billion (US$136 million) by releasing China Airlines shares.
Chen said the union was holding the press conference because it wanted to refute the wrong message being sent by the media. He said Far Eastern was a reliable brand with 50 years' experience and that anyone interested in managing the company was welcome.
In response, Minister of Transportation and Communication Tsai Duei (
Earlier this month, FAT was granted an extension by the CAA to pay by tomorrow the airplane departure and landing fees for November and December of last year, a sum that has grown to NT$44.86 million.
Given that the company has yet to turn in the departure and landing fees for last month and this month and will soon be asked to pay the March fee as well, the total amount it owes is expected to top NT$1 billion.
Last week, the airline company filed for corporate restructuring in court, which would make it temporarily exempt from paying its debts.
Four factors led to the declaration of a typhoon day and the cancelation of classes yesterday, Taipei Mayor Chiang Wan-an (蔣萬安) said. Work and classes were canceled across Taiwan yesterday as Typhoon Krathon was forecast to make landfall in the southern part of the country. However, northern Taiwan had only heavy winds during the day and rain in the evening, leading some to criticize the cancelation. Speaking at a Taipei City Council meeting yesterday, Chiang said the decision was made due to the possibility of landslides and other problems in mountainous areas, the need to avoid a potentially dangerous commute for those
Typhoon Krathon, a military airshow and rehearsals for Double Ten National Day celebrations might disrupt flights at Taiwan Taoyuan International Airport in the first 10 days of next month, the airport’s operator said yesterday. Taoyuan International Airport Corp said in a statement that it has established a response center after the Central Weather Administration issued a sea warning for Krathon, and urged passengers to remain alert to the possibility of disruptions caused by the storm in the coming days. Flight schedules might also change while the air force conducts rehearsals and holds a final airshow for Double Ten National Day, it added. Although
SEMICONDUCTORS: TSMC is able to produce 2-nanometer chips and mass production is expected to be launched by next year, the company said In leading-edge semiconductor manufacturing China is behind Taiwan Semiconductor Manufacturing Co (TSMC) by at least 10 years as the Taiwanese chipmaker’s manufacturing process has progressed to 2 nanometers, National Science and Technology Council (NSTC) Minister Wu Cheng-wen (吳誠文) said yesterday. Wu made the remarks during a meeting of the Legislative Yuan’s Education and Culture Committee when asked by Democratic Progressive Party Legislator Wu Pei-yi (吳沛憶) about a report published in August by the Chinese version of Nikkei Asia that said Taiwan’s lead over China in chip manufacturing was only three years. She asked Wu Cheng-wen if the report was an accurate
PRO-CHINA SLOGANS: Two DPP members criticized police officers’ lack of action at the scene, saying that law enforcement authorities should investigate the incident Chinese tourists allegedly interrupted a protest in Taipei on Tuesday held by Hong Kongers, knocked down several flags and shouted: “Taiwan and Hong Kong belong to China.” Hong Kong democracy activists were holding a demonstration as Tuesday was China’s National Day. A video posted online by civic group Hong Kong Outlanders shows a couple, who are allegedly Chinese, during the demonstration. “Today is China’s National Day, and I won’t allow the displaying of these flags,” the male yells in the video before pushing some demonstrators and knocking down a few flagpoles. Radio Free Asia reported that some of the demonstrators
RSS