AERO TRADING GROUP Corp

China ends airline subsidies

China ends airline subsidies The Civil Aviation Administration of China (CAAC)is reported to have halted a new plan to subsidise airlines. The suspension came amid rising concerns that airlines might intentionally reduce services to collect the subsidies. he CAAC announced the subsidies for pandemic-hit airlines starting from May 21, with airlines receiving compensation of as much as 24,000 yuan ($3,564) per flying hour in weeks when they lose money and their average passenger flights are less than 75% full. The industrywide subsidy program was to be effective as long as the average daily number of domestic passenger flights didn’t exceed 4,500 in a week,

Leave a Reply

Your email address will not be published. Required fields are marked *