Lan Shili, the chairman of East Star Airlines, grounded by authorities last weekend, has gone missing, the FT reports. Multimillionaire Lan was ranked as the 136th richest man in China by U.S. business magazine Forbes last year.
Discussions over state carrier Air China taking over East Star have collapsed. The airline now says it was no longer for sale and alleged it had been subjected to strong-arm tactics in its negotiations with Air China. This Bystander is still poking around to find out what this all means. More as we get it .