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Indebted East Star Airlines could see revival, but not out of the woods yet

20-Aug-2009

ChinaEquity, a private merchant bank, confirmed plans to invest in bankrupt East Star Airlines and has submitted a restructure plan to Hubei Supreme People’s Court. [1684 words]

Unlock the following content in this report:

Subheadings:

  • Growing Juneyao Airlines targeting profitability in 2009¬†
  • Juneyao preparing for IPO in 2010
  • Juneyao seeking to take advantage of 2010 World Expo with international services
  • Spring Airlines profit n 1H2009, on track for full year profitability¬†
  • Big year ahead in 2010: To launch an IPO, head internationally and expand fleet

Graphs and data:

  • Rejected takeovers for East Star Airlines
  • Spring Airlines financial highlights for six months ended 30-Jun-09¬†
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