China Equity Group plans to re-launch Wuhan-based East Star Airlines, which is going through bankruptcy reorganization, with a CNY200 million ($29.2 million)-CNY300 million investment, according to CEG Chairman Wang Chaoyong. Wang revealed that the group plans to raise the money to restart the troubled carrier in conjunction with seven other companies, including Shanghai YuField. He said CEG has "submitted the reorganization application" to the appropriate court. "Hopefully we can get the ...

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