China will give cash subsidies to airlines for two months

China will give cash subsidies to airlines for two months

BEIJING -- China's finance ministry said on Thursday that it would offer subsidies to Chinese airlines from May 21 to July 20 to help carriers weather the coronavirus-induced downturn and higher oil prices. Read More

China to give cash subsidies to airlines for two months

Cash support will only be provided when average daily numbers of domestic flights per week are lower or equal to 4,500 flights and when the average load factors are lower than 75%, the ministry said on its website. The maximum grant would be 24,000 yuan ($3,574) per hour to the loss-making flights, the ministry added.

China will give cash subsidies to airlines for two months

BEIJING - China's finance ministry said on Thursday that it would offer subsidies to Chinese airlines from May 21 to July 20, to help carriers weather the COVID-19 downturn. Cash support will only be provided when average daily numbers of domestic flights per week are lower or equal to 4,500 flights, and the maximum grant would be 24,000 yuan ($3,574) per hour, the ministry said in a

China will give cash subsidies to airlines for two months

BEIJING: China's finance ministry said on Thursday (May 26) that it would offer subsidies to Chinese airlines from May 21 to July 20 to help carriers weather the coronavirus-induced downturn and higher oil prices. Cash support will only be provided when the average daily numbers of domestic flights per wee

China to give cash subsidies to airlines for 2 months

The finance ministry said it would offer subsidies to Chinese airlines from May 21 to July 20 to hel