TO BE OR NOT TO BE: THAT'S THE QUESTION facing China's smaller privately run carriers. Clearly, Chengdu-based United Eagle Airlines and Wuhan-based East Star Airlines chose no as the answer. United Eagle had to sell a controlling stake to Sichuan Airlines in exchange for a capital injection of CNY200 million ($29.2 million). East Star was forced by CAAC to suspend operations and has gone through bankruptcy owing to its heavy debt burden. East Star is not the only Chinese carrier to have ...

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