TransAsia Airways scraps plans to merge with V Air, will instead ground LCC for one year

TransAsia Airways announced (26-Aug-2016) it has scrapped plans to merge LCC subsidiary V Air with the carrier and will instead suspend the LCC for one year between 04-Oct-2016 to 03-Oct-2017, during which time the LCC will be restructured. The carrier cited "consideration of the company's future development plan" for the decision. [more - original PR - Chinese]