Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service

Chinese government grounds East Star Airlines: too much debts

Beijing, China - The international crisis is putting small airlines on their knees

The heavy debts that pressing over the private carrier East Star Airlines forced Chinese government to retire its flight license. To announce it a transport department spokesman, Tan Shizhang. "The main reason - he said - is due to the airline not being able to pay back its heavy debts, which has lead to operational difficulties". Differently from the big national air companies (Air China, China...

AVIONEWS - World Aeronautical Press Agency - 1101246
Rome, Italy, 03/16/2009 13:52
AVIONEWS - World Aeronautical Press Agency

Similar

AirlinesBoeing to increase deliveries of B-787 aircraft

However, the lack of suppliers affects "some key components" of the airplane

US aircraft manufacturer Boeing has said it expects the rate of deliveries of 787 widebody Dreamliner aircraft to increase more slowly than expected. The reason? The shortage of suppliers "on some key... more

AirlinesNew sanctions on Iranian carrier

Flag airline Iran Air under the lens of the G7 countries

New sanctions against the Middle Eastern flag carrier Iran Air. This is what some G7 countries such as Canada, France, Germany, Italy, Japan, the US and the United Kingdom are preparing. It's an initiative... more

AirlinesITA-Lufthansa: European remedies impact Italy

A burden for the coffers of the two airlines and for the passengers of the "Bel Paese"

Fewer intercontinental routes, more competition, less revenue and fewer direct flights to the United States. These would be the effects on the Italian air transport market of the sacrifices requested by... more

◄ Previous page