FILE - In this Saturday, Feb. 7, 2015, file photo, a ground mechanic works on the engine area of a TransAsia Airways ATR airplane at the Songshan Airport in Taipei, Taiwan. Taiwanese airline TransAsia has announced it is shutting down following financial losses and two fatal crashes. TransAsia chairman Vincent Lin said Tuesday the airline, which served cities in China, Japan and Southeast Asia, was unable to reverse widening losses or raise additional money. (AP Photo/Wally Santana, File)

TransAsia Airways Ceases Operations Domestic airline TransAsia Airways declared it insolvency on November 22, after years of lackluster sales and revenue losses and two horrific crashes within a seven-month period that killed more than 90 people. The airline’s CEO, Liu Tung-ming, said that the executive team had looked at various options including a sale, restructuring,…

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Taiwan’s Submarine Project Resurfaces Taiwan’s two major political parties appear to be in agreement on prioritizing the acquisition of submarines, which many experts see as vital in augmenting Taiwan’s defense in the face of China’s rapid military expansion. China has more than 1,100 ballistic missiles trained on Taiwan, along with large fleets of advanced fighter…

The island enjoys a number of potential competitive advantages in the sector, including strong manufacturing and supply chain expertise.   At a ceremony on November 24, Taiwanese airline EVA Airways announced a major expansion to its fleet through an agreement to purchase 24 Boeing 787 Dreamliners and two Boeing 777-300ER aircraft, with the package valued at…

China began trial runs of its controversial M503 flight path on March 15, according to an announcement by Taiwan’s Civil Aeronautics Administration. The flight path was criticized because as initially announced, it would run just 7.8 kilometers from the median line separating the two sides of the Taiwan Strait. The Taiwan government charged that Beijing…