Global airlines have pulled flights to mainland China in reaction to coronavirus outbreak while people cut back travels, causing pain to the industry. Photo: EPA-EFE
China considers cash injections, mergers to bail out stricken airlines
- Proposals include allowing some state-controlled carriers to absorb smaller ones and outright cash injections
- State-owned Assets Supervision and Administration Commission which oversees state firms such as airlines, says it isn’t aware of any plan
Topic |
Coronavirus outbreak
Global airlines have pulled flights to mainland China in reaction to coronavirus outbreak while people cut back travels, causing pain to the industry. Photo: EPA-EFE