TransAsia suddenly closes after suspending flights and stocks

The airline has been struggling to become profitable against competition and after two fatal crashes affected its reputation. The decision surprised many.

By Beki Winchel
@bekiweki
Nov. 23, 2016

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On Monday, TransAsia Airways suspended flights and its stocks, shocking travelers and investors.

The Wall Street Journal reported:

All of the carrier’s 84 flights on Tuesday were canceled, stranding around 5,000 passengers according to Taiwan’s Civil Aeronautics Administration. TransAsia’s shares on the Taipei exchange were suspended.

The airline spread the news on Facebook and Twitter:

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