Transasia: Taiwan airline shuts after crashes

Taiwanese airline Transasia is shutting down after two fatal crashes and heavy losses.
The carrier, which flew to cities in China, Japan and south east Asia, said it had not been able to raise more money or turn around its finances.
Transasia, Taiwan's third largest airline, had already cancelled all flights on Monday.
Earlier this year, regulators ordered it to review safety protocols and pilot training to cut "imminent risks".
Those recommendations, from the country's Aviation Safety Council, followed an investigation into an incident in July 2014, when Transasia flight 222... read more