March 10, 2009, King & Wood acted for GE Commercial Aviation Services (GECAS), a subsidiary of GE, in filing a bankruptcy petition as a major creditor of East Star Airline Co., Ltd. at Wuhan Intermediate People's Court.
The claim followed non-payment of aircraft rental fees payable to GECAS by East Star Airline. This case is the first bankruptcy petition involving a Chinese airline to come to the PRC courts. The proceedings are ongoing.
Mr. Zhang Shouzhi of King & Wood’s Dispute Resolution Group leads the Beijing-based team in the bankruptcy proceedings.