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Defunct airline of Taiwan (1957–2008; 2011–2019) From Wikipedia, the free encyclopedia
FAT Taiwan Inc., (Chinese: 遠東航空) doing business as Far Eastern Air Transport (FAT), was an airline with its head office in Songshan District, Taipei, Taiwan (Republic of China).[1]
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| Founded |
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|---|---|---|---|---|---|---|---|
| Ceased operations |
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| Hubs | Taipei Songshan Airport | ||||||
| Fleet size | 12 | ||||||
| Destinations | 19 (scheduled) | ||||||
| Headquarters | Taipei, Taiwan | ||||||
| Key people | Chang Kang-wei (Chairman & Majority Owner) | ||||||
| Far Eastern Air Transport | |||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 遠東航空 | ||||||
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Established in 1957, it operated domestic services 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.[2] After a succession of financial crises in early 2008, the airline publicly announced its bankruptcy and stopped all flights with effect from 13 May 2008.[3] The airline recommenced operations on 18 April 2011. The airline emerged from bankruptcy restructuring on 16 October 2015. The airline continued to face financial problems, and operations were halted from 13 December 2019.
The airline was established in 1957 and started operations in November the same year. It originally focused on charter flights until the introduction of scheduled services in January 1965. For the next 30 years the airline was the No. 1 carrier on Taiwanese domestic routes and was granted the right to fly regular international flights in 1996, from Kaohsiung International Airport to Palau and Subic Bay. It started cargo operations in the Asian region in 2004. Beginning in 2004, FAT invested in the Cambodian airline, Angkor Airways. Angkor Airways subsequently shut down flight operations on 9 May 2009.[4]
Due to ever-rising fuel prices and Taiwan High Speed Rail's inauguration, the airline suffered financial losses from early 2007 and the situation was seriously worsened by poor financial management and risky investments. On 13 February 2008 FAT failed to pay USD 848,000 it owed to the International Clearing House, a financial subsidiary of the International Air Transport Association (IATA); and IATA cancelled the airline's membership as a result. Although a local court granted FAT's restructuring application on 23 February 2008, in the next three months it still failed to obtain the necessary funds and the company's bankruptcy protection expired on 22 May. FAT had stopped paying employee salaries but the staff were still on duty as of May 2008 because they wanted to try to save the company but some were saying they could not hold on much longer.[5]
On 27 November 2010, a McDonnell Douglas MD-83 of FAT began flight test at Taipei Songshan Airport at 10am, marking the airline's return to the skies. The aviation authority in Taiwan granted a test flight license to FAT but required an additional test flight and NT$ 50 million as deposit before re-granting an airline operating license.[6][7] The airline restarted its services on 18 April 2011.[8] Far Eastern Air Transport announced a stoppage affecting all operations on 13 December 2019.[9][10] However, the next day, the company chairman rescinded the statement.[11][12] Transportation minister Lin Chia-lung confirmed on 16 December 2019 that Far Eastern Air Transport had in fact ceased operations, and had to discuss resuming services with the Civil Aeronautics Administration.[13][14] In January 2020, the Civil Aeronautics Administration recommended to the Ministry of Transportation and Communications that Far Easter Air Transport's air operator certificate be revoked.[15] Later that month, company chairman Chang Kang-wei stated that a group of people led by Tsai Meng-che offered to invest in Far Eastern Air Transport if the government lifted flight restrictions.[16] Following the announcement, a number of FAT employees petitioned the government, asking relevant authorities to lift restrictions on the airline.[17] The Ministry of Transportation and Communications formally revoked Far Eastern Air Transport's air operator certificate on 31 January 2020.[18]
Far Eastern Air Transport operated the following services when it ceased operations in December 2019:
_Landing_to_TSA_RW10_20190510.jpg)
As of December 2019, Far Eastern Air Transport operated the following aircraft:[29]
| Aircraft | In service |
Orders | Passengers | Notes | |
|---|---|---|---|---|---|
| Y | Total | ||||
| ATR 72-600 | 6 | — | 70 | 70 | |
| McDonnell Douglas MD-82 | 4 | — | 165 | 165 | |
| McDonnell Douglas MD-83 | 2 | — | 165 | 165 | |
| Total | 12 | — | |||
Far Eastern Air Transport reached a deal to lease two Boeing 737-800s, one new and one used, from Air Lease Corporation in 2015,[30][31] but a contract dispute over the condition of the used aircraft prevented both from entering service.[32]
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