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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Chinese airline suspends flights on financial woes AP - Sunday, March 15 BEIJING - Authorities ordered a private Chinese airline to suspend its operations Sunday because of debts owed to General Electric Co.'s aviation subsidiary, amid a travel slump caused by global economic turmoil. ADVERTISEMENT East Star Airlines, based in the central Chinese city of Wuhan, was told to halt flights as of Sunday, the city government said in a statement. No one at the airline was available for comment Sunday, according to an operator who answered calls to the company's general inquiry line. A woman who answered the phone at the airline's ticket sales office confirmed that flights have stopped, but said she did not have details. No mention of the order was made on its Web site. The economic slowdown has hurt all of China's airlines, but the country's handful of private carriers are particularly affected since they cannot count on the huge government bailouts that several state-run carriers are now seeking. Sunday's statement said a regional branch of the General Administration of Civil Aviation of China issued the order after a request from the Wuhan city government. The city government said on its Web site the airline had failed to pay plane rental fees to Fairfield, Conn.-based GE Commercial Aviation Services, General Electric's aircraft leasing company. The aircraft firm sought help from the local government and was applying to begin legal proceedings against the airline, the government said. East Star operates 18 domestic routes and arrangements were being made to place East Air ticket holders on flights with other carriers, the aviation administration said in a statement. China's first private airline, Okay Airways, began a planned one-month suspension of passenger service in December after skittish airports insisted on cash to refuel its planes. The carrier was suffering from financial and management woes. In January, state media reported that China gave struggling airlines a $360 million tax break and $26 billion in loans to its main aircraft maker to try to shore up the industry. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business GLOBAL MARKETS WEEKAHEAD-Bear market endgameReuters - 56 minutes ago Rio shareholders aim to derail Chinalco deal-paperReuters - 1 hour 2 minutes ago RPT-Wall St Week Ahead: Fear still in focus after strong rallyReuters - 1 hour 11 minutes ago Occidental signs deal to develop Bahrain fieldReuters - 2 hours 4 minutes ago Germany to seek answers on Opel plan in U.S. talksReuters - 2 hours 14 minutes ago Most Popular – Business Viewed Arrest warrant issued for Lindsay Lohan For sale: nagging wife, very high maintenance Bailed-out AIG plans bonuses worth millions: report World Bank warns of "very dangerous" year ahead Iran says oil market oversupplied View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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