Taiwan budget carrier V Air is to end all services and cease trading from October 1, 2016.
It currently flies nine international routes to Japan, Thailand and South Korea.
Parent company TransAsia Airways will take over its Chiang Mai and Fukuoka routes while customers booked on other flights will be offered a refund.
"V Air will suspend all its services from October 1. All ticket sales for flights on or after October 1 will be stopped. V Air will continue operating all the scheduled flights until September 30th unless an unscheduled disruption occurs," a statement from the airline said.
V Air only began flying in late 2014 with the launch of flights to Bangkok from Taiwan.
