REBD电影免费,99久久免费观看,免费观看操片

Slides
Photos

Debt-laden East Star Airlines goes bankrupt

(Xinhua)
Updated: 2009-08-28 10:02

The bankruptcy proceedings were launched on March 30 at the request of six creditors, according to the Communications Commission of Wuhan city.

East Star Airlines announced last month that its total debt surpassed 752 million yuan.

General Electric's aircraft leasing arm, GE Commercial Aviation Services, one of the creditors, has taken back all nine aircraft it had leased to the airline.

State-owned Air China has recruited about 600 out of the more than 1,000 staff of East Star Airlines.

The global economic downturn reduced air travel severely, making last year a hard time for the airline industry.

The Chinese government injected billions of yuan into Air China, China Southern Airlines and China Eastern Airlines, the three major State-owned carriers, to help them ride out the downturn.

Wang Chaoyong, chairman of ChinaEquity, said private airlines had no access to bailouts.

Zhao Changbing, spokesman of East Star Airlines, said the government should protect the brand of the private business.

Zhao said the airline rejected the takeover by the parent of Air China because the offer was too low and it only covered the debts.

(For more biz stories, please visit Industries)

Previous page 1 2 Next Page

国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频