Far Eastern Air Transport (IATA Code: FE), a Taiwanese air carrier serving domestic and regional routes, announced today that the company will halt all operations on 13 December, citing more than a decade of operational and financial difficulties. Ticket sales already stopped today and the company has given employees notices. Mandarin Airlines and UNI Airways are expected to take over the domestic routes, especially those to outlying islands of Taiwan.
Established in 1957, Far Easter Air Transport is the second privately-owned airlines in Taiwan, after TransAsia Airways. It started as a mail carrier and grew to become one of the largest domestic carriers in Taiwan. It expanded to international operations in in 1995 and flew to 5 domestic and 7 international destinations in China, Japan, and Korea before today. It operated 12 aged short- and mid-range planes. The company has been cancelling a large number of flights since the beginning of this year, resulting in a NT$3 million fine from the Civil Aeronautics Administration in May. Far Eastern Air Transport also served as the ground handling agent for several international carriers, including Jetstar Pacific, Cebu Pacific, JC Airlines, and Peach Aviation.