ECA finds Chinese partners, avoids bankruptcy for now and plans to restart seaplane business

The European Coastal Transport Company, which is one step closer to bankruptcy, received a decision from the Commercial Court in Split to postpone the opening of the bankruptcy post ...

Author  Goran Rihelj

30. July 2018.
The European Coastal Transport Company, which is one step closer to bankruptcy, received a decision from the Commercial Court in Split to postpone the opening of bankruptcy proceedings until 21 September. The court gave the state authorities time to respond to a letter of intent from Chinese investors, Star Jet, which is interested in resolving ECA's debts and restarting the seaplane business next season.
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Author  Goran Rihelj

30. July 2018.