FAT Taiwan Inc., doing business as Far Eastern Air Transport (FAT), is shutting down all operations tomorrow due to continued financial losses.
The company suddenly closed the ticketing system without warning on December 12, 2019 and immediately, due to long-term losses and difficulties in financing, the company announced it will stop all flight operations from tomorrow, December 13, 2019.
Since the end of 2018, FAT has been fined for more than NT$3 million by the Civil Aviation Administration (CAA) due to its high proportion of canceled flights.
This situation has continued in 2019.
According to the statistics released by the Civil Aviation Administration, in April 2019, the flight cancellation rates of Penghu-Taipei, and Taipei-Taichung flights were 6.7% and 7.8% respectively, all of which exceeded the 6% penalty standard.
The cumulative amount of fines has reached NT$2 million.
FAT had 11 Boeing 737-8 MAX 8s on order to replace the older MD-80 fleet.
This shut down is a second time FAT has ceased operations. After a succession of financial crises in early 2008, the airline publicly announced its bankruptcy and stopped all flights with effect on May 13, 2008. The airline recommenced operations on April 18, 2011.
FAT was operating six 70-seat ATR 72-600s (above), four DC-9-82s (MD-82s) and four DC-9-83 (MD-83s) (below) all configured with 165 seats.
Above Copyright Photos: Operations today on the last day of operations (Manuel Negrerie).
FAT was founded in 1957 as Taiwan’s first private airline. Initially it carried mostly mail to the outer islands of Kinmen and Penghu.
Manuel Negrerie reporting from Taipei, Taiwan.
Far Eastern Air Transport aircraft photo gallery: