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Did Jinhui Airlines go bankrupt due to rescue?

Bankrupt. According to an inquiry on the official website of the Shanghai Municipal People's Government, on August 3, 2021, the People's Court of Fengxian District, Shanghai ruled to accept the bankruptcy and liquidation case of Shanghai Jinhui General Aviation Co., Ltd., a subsidiary of Shanghai Zhengyang Investment Group. On November 15, 2021, the administrator of Shanghai Jinhui General Aviation Co., Ltd. appointed by the People's Court of Fengxian District, Shanghai issued a bankruptcy liquidation notice to the current employees of Shanghai Jinhui General Aviation Co., Ltd.