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East Star Airlines is the first Chinese airline to go bankrupt

Wuhan, China - Last restructuring plan rejected

The Chinese private carrier East Star Airlines is the first of the country that has officially gone bankrupt. After a long fight against the heavy debt situation in which it fell due to the air traffic crisis, the final act of the life of this operator took place yesterday, when the Intermediate People's Court of the city of Wuhan (the airline's headquarter) rejected the last restructuring plan. The...

AVIONEWS - World Aeronautical Press Agency - 1108649

AVIONEWS - World Aeronautical Press Agency
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