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WUHAN, Aug. 27 (Xinhua) -- East Star Airlines, the debt-laden private airline based in central China's Wuhan City, officially went bankrupt after its restructuring application was rejected Thursday. The Intermediate People's Court in Wuhan City said the plan submitted by the East Star Group and ChinaEquity was unfeasible and failed to meet the conditions for a legal restructuring. ChinaEquity, an investment company founded in 1999 in Beijing, had promised to invest 200 million to 300 million yuan (29 million to 44 million U.S. dollars) for the restructuring plan. However, it did not specify the source of the funding and failed to provide certificates and documents, and lacked measures to protect creditors, the court said. The court said East Star Airlines had no operating income in 2008, while ChinaEquity recorded 470,000 yuan in main business income and a 187,477-yuan deficit last year. File photo taken on May 19, 2006 shows the aircrew boarding on the Airbus 319 jumbo jet of the Dongxing Group Co. Ltd for its maiden flight at the Tianhe International Airport in Wuhan, central China's Hubei ProvinceThe East Star Group and ChinaEquity agreed the restructuring plan earlier this month. The Intermediate People's Court in Wuhan heard the plan Tuesday. East Star was founded in May 2005, making it China's fourth private carrier after Okay Airways, United Eagle Airlines and Spring Airlines. It operated more than 20 domestic passenger routes between key cities with a fleet of nine aircraft and held about 10 percent of the market share in Wuhan. The airline, with a registered capital of 80 million yuan, was jointly owned by a tourist agency, a tourist investment company and a real estate firm, which all belonged to the East Star Group. On March 13, the airline rejected a government-initiated take-over by the parent group of national flag carrier Air China. Its operations were suspended by the industry regulator as of March 15, due to prolonged financial and management problems. File photo taken on March 27, 2009 shows a jumbo jet of the Dongxing Group Co. Ltd lying on the tarmac, as a plane of another airway taking off overhead, at the Tianhe International Airport in Wuhan, central China's Hubei ProvinceThe order was issued by General Administration of Civil Aviation of China (CAAC)'s branch in charge of the country's central and southern areas after the Wuhan municipal government submitted an application for the suspension. The bankruptcy proceedings were launched on March 30 at the request of six creditors, according to the Communications Commission of Wuhan City. East Star Airlines announced last month that its total debt surpassed 752 million yuan. General Electric's aircraft leasing arm, GE Commercial Aviation Services, one of the creditors, has taken back all nine aircraft it had leased to the airline. State-owned Air China has recruited about 600 out of the more than 1,000 staff of East Star Airlines. The global economic downturn reduced air travel severely, making last year a hard time for the airline industry. The Chinese government injected billions of yuan into Air China, China Southern Airlines and China Eastern Airlines, the three major state-owned carriers, to help them ride out the downturn. Wang Chaoyong, chairman of ChinaEquity, said private airlines had no access to bailouts. Zhao Changbing, spokesman of East Star Airlines, said the government should protect the brand of the private business. Zhao said the airline rejected the takeover by the parent of Air China because the offer was too low and it only covered the debts.

UNITED NATIONS, Oct. 5 (Xinhua) -- China stressed on Monday the importance of following "capacity to pay" principle while the United Nations considers the scale for determining member states' dues to the organization's budget. Liu Zhenmin, China's deputy permanent representative to the United Nations, made the statement to the meeting of the Fifth Committee of the 64th Session of the UN General Assembly on the scale for determining member states' dues to the organization's budget in 2010-2012. "China stands ready to make an even greater contribution to the UN on the basis of capacity to pay, as our economy continues to grow," he said. But, despite its rapid economic development and impressive gross domestic product figures, China was the country with the largest population, which still faced enormous challenges at home, Liu said. In 2008, China's per capita gross domestic product stood at 3,000 U.S. dollars, ranked around the 100th place in the world and still a far cry from the average per capita Gross National Income (GNI) of 7,119 U.S. dollars (the threshold), he said. "By the standard of the World Bank which considers those living on less than .25 a day as poor, China's poverty population will total 250 million, the second largest in the world," he said. "Economic development, poverty eradication and the realization of modernization remain daunting challenges for China," Liu said. "The evaluation of China's capacity to pay should not be conducted without taking into account China's specificities."
BEIJING, Aug. 29 (Xinhua) -- Drink or drive? This is a dilemma for many Chinese in a society soaked in a centuries-old drinking culture which is now travelling in private motor cars. For Liu Kun, a 25-year-old media worker in Beijing, the choice is simple and there is only one answer - she won't even have a sip of beer before she drives. "I didn't treat it (drink driving) seriously before," said Liu, who has been driving for three years. "But now I obey the rules strictly." Liu is one of many Chinese motorists sobering up and thinking twice about their onetime drinking and driving. This situation has been brought about by a spate of serious drink driving accidents in China, including fatalities. The situation has sparked a public outcry. Chinese police launched a two-month nationwide crackdown against driving under the influence (DUI) two weeks ago, following a series of shocking cases in which drunk drivers killed pedestrians. By Friday, 28,880 drivers had been caught and punished for DUI, the Ministry of Public Security said. Kong Linnan, a 25-year-old Beijing resident, said: "Drink drivers should be severely penalized. They are irresponsible about their own lives, let alone others." Besides changing attitudes, the crackdown has brought about an unexpected boom to once sluggish businesses, such as drive-home services that help carry home drinkers by contracting relief drivers. He Jin, chief executive of the Beijing Benaoanda Drive-back Company, said his company had carried home more than 110 customers every day in the past week, 20 times more than five years ago when his service was established. The company charges 80 yuan (12 U.S. dollars) for each journey. Now about seven or eight companies in Beijing are providing similar services, He said. "Taking a cab is a cheaper way to carry a drinker back home. But many taxi drivers are rather reluctant to do it," said He. Zhang Changyun, a Beijing taxi driver, said, "They always throw up in my cab. It's nasty. I can't use my cab for the whole day." Zhang always refuses to carry those who have been drinking heavily. "That's our advantage. Car owners don't have to come back to the restaurants to retrieve cars in next day," He said. China's population, a large alcohol consumer, is now rapidly becoming mobile, putting more strain on controlling drink driving. In Beijing, a city of more than 15 million people, motor vehicles numbered 3.76 million in July. "The market potential for a drive-home service is huge," said He. LIFESTYLE CHANGES Despite criticism that drive-home services could encourage drink driving, He defended them as necessary because "drinking at banquets is deeply rooted in traditional Chinese culture." Most of their drive-home contracts are taken out by big companies because "business talks at the dinner table with drinking are also popular business culture in China", He said. An indispensable part of dining etiquette in China is drinking toasts, by which a lot of business is resolved at a drinking table rather than a negotiating one. In addition, while declining a drink is deemed as "losing face", driving after drinking is sometimes considered heroic. In the commercial world it is apparently considered the winner is the biggest drinker. Wang Xiaokun, marketing manager of a real estate consultancy in southwest China's Chengdu City, has cut short the frequency of hosting business banquets since most of his clients who drive are knocking back drinking while dining. He has mixed feelings toward the crackdown. "I don't like the drinking sessions," said Wang, "But without them, I must find other ways to buddy up to my clients." Gao Zhifeng, 29, a government official in Beijing, welcomes the tight controls. "Thanks to the campaign, I'm now more justified to excuse myself from toast proposals by saying simply 'I drive'," said Gao. He often did not handle drinking well, but often had his arm twisted to drink alcohol at business banquets. Yi Rong, Gao's wife, said that tighter DUI law enforcement helped lessen the worries of drivers' families. "I'm so happy that China's alcohol culture is starting to change," said Yi. BOOMS AND WORRIES Alcohol-free beer is also doing well because of the crackdown. Many restaurants now sell this beer which contains less ethyl alcohol. Yu Li, manager of Veganhut, a health restaurant in Beijing's Central Business District, said, "We sell only alcohol-free beer and it's selling well. It's a new trend in dining." Ding Guangxue, deputy chief executive of the Yanjing Beer Group, said the brewerery's output of alcohol-free beer was more than 4 million bottles this month, registering a 10 percent year-on-year increase. But alcohol-free beer is not totally free from ethanol. "Two bottles may raise your blood alcohol to the limit," said Ding. The crackdown is also worrying China's catering industry which makes large profits out of liquor, since beer sold at a restaurant can be priced four times higher than in a supermarket. Zhang Zhenjiang, general secretary of Beijing Association for Liquor and Spirits Circulation, said, "We're worried that tighter control could dent profits and raise costs." "Alcohol-free has only a small share of sales. It cannot replace ordinary liquor," said Zhang. On the Internet, some netizens are suggesting restaurants be obliged to dissuade their driving customers from drinking. But Fu Guiping, a corporate lawyer with Beijing Huatian Catering Group, said liquor outlets had no power or obligation to manage affairs that should be carried by the law enforcement sector. "It's unfair to put responsibility on the shoulders of businesses," said Fu. "It calls for efforts from all walks of life."
KABUL, Aug. 9 (Xinhua) -- A China-bound Afghan plane with Kam Airlines landed on the airport of Kandahar city in southern Afghanistan Sunday night, said sources of Kabul International Airport. An official in Kabul International Airport who was reluctant to disclose his name said the plane scheduled from Kabul, the capital city of Afghanistan, to Urumqi of northwest China's Xinjiang Uygur Autonomous Region has already landed on Kandahar airport. "The plane would return to Kabul after two hours," he added. Armored vehicles withdraw from the Urumqi airport, northwest China's Xinjiang Uygur Autonomous Region, early August 10, 2009, after the airport was restored to order. An Afghanistan plane scheduled from Kabul to China's Urumqi was reportedly bomb threatened Sunday, triggering an emergency response at the airport. The plane finally landed on the airport of Kandahar city in southern Afghanistan after China's aviation department denied its landing in UrumqiThe airport official said the plane made the unexpected landing due to some "mechanical problem". Meantime, president of Kam Airlines, Zamarai Kamgar, told Xinhua that it is the first flight day for Kam from Kabul to Urumqi and the plane was refused by Kyrgyzstan to pass its territory. The Boeing-767 plane was carrying more than 200 passengers, including five Chinese. "The plane chose to land in Kandahar city at first step because weather condition in Kabul was not suitable at that time," Kamgar added. Passengers walk in the Urumqi airport, northwest China's Xinjiang Uygur Autonomous Region, early August 10, 2009, after the airport was restored to order. An Afghanistan plane scheduled from Kabul to China's Urumqi was reportedly bomb threatened Sunday, triggering an emergency response at the airport. The plane finally landed on the airport of Kandahar city in southern Afghanistan after China's aviation department denied its landing in Urumqi "The plane has made landing efforts in Kabul airport, but failed. Maybe it is because of strong wind," a Chinese passenger named Pan Dongjie told Xinhua from Kandahar. Earlier, armed police sources in Xinjiang said the Afghan plane scheduled to Urumqi was bomb threatened. "Now all the passengers are asked to stay on board," Pan said. "I have known about the bomb threat. I want to leave the plane as soon as possible."
来源:资阳报