A virtually empty airport in Wuhan, in China’s central Hubei province, on May 23, 2020, after the coronavirus pandemic all but grounded flights globally. Photo: AFP A virtually empty airport in Wuhan, in China’s central Hubei province, on May 23, 2020, after the coronavirus pandemic all but grounded flights globally. Photo: AFP
A virtually empty airport in Wuhan, in China’s central Hubei province, on May 23, 2020, after the coronavirus pandemic all but grounded flights globally. Photo: AFP

Chinese airlines resort to short-term debt for lifeline as coronavirus batters global aviation industry

  • China’s three largest airlines have raised an unprecedented 90.5 billion yuan in short-term bonds since the outbreak of coronavirus
  • Debt of global airlines expected to rise 28 per cent to US$550 billion by the end of this year

Topic |   Aviation
A virtually empty airport in Wuhan, in China’s central Hubei province, on May 23, 2020, after the coronavirus pandemic all but grounded flights globally. Photo: AFP A virtually empty airport in Wuhan, in China’s central Hubei province, on May 23, 2020, after the coronavirus pandemic all but grounded flights globally. Photo: AFP
A virtually empty airport in Wuhan, in China’s central Hubei province, on May 23, 2020, after the coronavirus pandemic all but grounded flights globally. Photo: AFP
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