Taipei, Oct. 5 (CNA) Taiwanese carrier TransAsia Airways said Wednesday that it is expecting profits starting 2017 after a recent company restructuring, including suspending operation of a subsidiary carrier and seeing reduced insurance payments thanks to increasing safety performance.
After the suspension of V Air, which ended services Oct. 1, TransAsia could avoid losses of up to NT$50 million (US$1.59 million) per month, said TransAsia Chairman Lin Ming-sheng ().
According to Lin, the airline has also begun to step out of the shadow of two fatal crashes July 23, 2014 and Feb. 4, 2015, which took 91 lives.
TransAsia Airways’ insurance company, which TransAsia declined to disclose, has decided to cut its insurance premiums by 73 perce…
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