China will give cash subsidies to airlines for two months

2022.05.26 07:06

FILE PHOTO: China Eastern Airlines aircraft are seen parked on the tarmac in Hongqiao International Airport in Shanghai, following the coronavirus disease (COVID-19) outbreak, China June 4, 2020. REUTERS/Aly Song

BEIJING (Reuters) – 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 statement on its website.

($1 = 6.7146 Chinese yuan)

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