Taipei-based TransAsia Airways has announced it is shutting down, citing heavy operating losses following two major crashes in 2014 and 2015. The carrier’s chairman, Lin Mingsheng, told Taiwan media at a press conference Nov. 22 that the company suffered a NT2 billion loss ($63 million) in 2015 and another NT2.7 billion loss as of Oct. 31 this year. “We can raise European Convertible Bonds worth NT2.3 billion due Nov. 29, but I have to consider whether we can make a turnaround ...

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