East Star Airlines continues to expect to be acquired as a majority of its debtors prefer a takeover to bankruptcy, a spokesperson said at a Beijing news conference yesterday. "We have talked with almost all our debtors and 75% of them prefer takeover to bankruptcy, because a takeover offer can best safeguard their interests," the spokesperson said. Both China National Aviation Fuel Holding Co., one of the carrier's debtors, and Shanghai YuField had their takeover offers rejected by the ...

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