Taiwan’s Ministry of Transportation and Communications (MOTC) has revoked the operating licence of now-shuttered Far Eastern Air Transport (FAT).
FAT went belly up on 13 December, owing to “long-term operating losses” and difficulty in raising sufficient funds.
The carrier made the abrupt announcement it was ceasing operations a day earlier, in an apparent flouting of Taiwan’s civil aviation laws, which state that there should be a 60-day buffer period between announcement and actual ceasing of operations.
As a result, the MOTC has revoked FAT’s licence effective 31 January, and impose a NT$3 million ($99,000) fine.
FAT’s existing slots will also be redistributed among other Taiwanese carriers, the ministry adds.
Cirium schedules data shows that as of November last year, it operated 83 regional flights to various cities in China, Japan and South Korea, as well as Da Nang in Vietnam. FAT also operated a number of domestic services.
In the month or so since it closed, the ministry also notes that FAT’s employees were not paid their December salaries.
It will also “work with relevant ministries” to ensure that consumer and employee rights were protected, as a result of FAT’s sudden closure.
Privately-owned FAT’s abrupt closure comes amid a checkered operating history.
The carrier ceased operations in 2008 after entering bankruptcy and returned to service in April 2011. It eventually emerged from a seven-year bankruptcy process in October 2015, though restructuring plans that involved leasing in 20 Boeing 737-800s were not realised.
Cirium fleets data indicates that at the time it wound up, FAT had 12 aircraft in its in-service fleet, comprising of six ATR 72-600s, four Boeing MD-82s, and two MD-83s. It has two other aircraft in storage, an MD-82 and an MD-83.