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
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
