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东星航空公司被裁定破产清算

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East Star Airlines Was Ruled to Go Bankrupt

East Star Airlines, the debt-laden private airline based in central China's Wuhan city, officially went bankrupt after its restructuring application was rejected Thursday.

设在华中地区武汉市的私有企业——东星航空公司,因为债务过重,在其重整申请于周二被驳回后,正式宣告破产。

The Intermediate People's Court in Wuhan City said the plan submitted by the East Star Group and ChinaEquity was unfeasible and failed to meet the conditions for a legal restructuring.

武汉中级人民法院称,由东星集团(East Star Group)和信中利(ChinaEquity)提交的重整方案没有可行性,未能达到法定重整的条件。

ChinaEquity, an investment company founded in 1999 in Beijing, had promised to invest 200 million to 300 million yuan ($29 million to 44 million) for the restructuring plan.

信中利是1999年在北京成立的一家投资公司,该公司承诺将在(东星航空)重整方案中投资2亿至3亿元。

However, it did not specify the source of the funding and failed to provide certificates and documents, and lacked measures to protect creditors, the court said.

然而,法院称,信中利没有明确资金来源,没有提供相关证件和文件,缺乏保护债权人的措施。


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