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East Star Airlines setting in Beijing

6-Apr-2009

East Star Airlines reportedly faces liquidation, with six of the airline's creditors reportedly requesting a Wuhan Court to commence liquidation proceedings against the carrier, after it failed to restructure its debt to avert bankruptcy. The privately-owned carrier has reportedly had 16 of its bank accounts frozen. [926 words]

Unlock the following content in this report:

Subheadings:

  • In preliminary talks with China National Aviation Holding Company regarding possible takeover
  • A challenging year for China's private carriers in 2009

Graphs and data:

  • Wuhan Tianhe International Airport capacity breakdown by carrier (seats per week as % of total) prior to East Star Airlines' suspension
  • China domestic capacity breakdown by carrier (seats per week as % of total) prior to East Star Airlines' suspension
  • China's Private Carriers
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