China’s aviation industry is set to receive emergency loans and subsidies to help offset damage caused by the pandemic. Photo: AFP
China’s aviation industry is set to receive emergency loans and subsidies to help offset damage caused by the pandemic. Photo: AFP
Aviation

Can China save its coronavirus-hit aviation sector from a ‘cliff-like’ plunge as US, Europe recover?

  • Under a new stimulus package unveiled by Beijing last week, airlines will receive significant aid from the central government, including loans and subsidies
  • But China’s zero-Covid policy is still suppressing demand for travel, while skyrocketing fuel costs and a weakening yuan are adding pressure on companies

China’s aviation industry is set to receive emergency loans and subsidies to help offset damage caused by the pandemic. Photo: AFP
China’s aviation industry is set to receive emergency loans and subsidies to help offset damage caused by the pandemic. Photo: AFP
READ FULL ARTICLE