The undertaking is for an injection of NT$3 billion (US$99.9 million), said Tsai Hui-ling (蔡慧玲), a lawyer who represents the investment team led by Taiwanese investor Tsai Meng-che (蔡孟哲). However, the bailout depends on the government allowing FAT to resume flights and listing follow-up requirements, Tsai Hui-ling said. Chang and Tsai Hui-ling made the remarks as the Ministry of Transportation and Communications moved toward canceling FAT’s permits, based on recommendations from the Civil Aeronautics Administration. He has falsely promised five times that funding for the company would soon arrive and still owes his employees last month’s salary. The airline must also pass a five-stage review before it can be allowed to resume flight services, it added.

Source: Taipei Times January 22, 2020 15:56 UTC