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2009-6-19 12:06:00 p.m. HKT, XFNA
DJ East Star Air Aims To Introduce Strategic Investors - Report
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| BEIJING (Dow Jones)--Privately owned Chinese carrier East Star Airlines Co. plans to introduce strategic investors and some financial institutions are willing to provide CNY2 billion in loans to help the carrier restructure, the China Business News reported Friday, citing unnamed sources.
Regulators grounded the airline in March for being unable to repay debt. Flag carrier Air China Ltd. (0753.HK) said in January its parent company was in talks to acquire all or part of East Star.
Newspaper Web site: http://www.china-cbn.com
-By China Bureau, Dow Jones Newswires; (8610) 6588 5848; djnews.beijing@dowjones.com
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