Caixin
May 31, 2022 04:46 AM
BUSINESS

China’s Aviation Regulator Halts Subsidies to Airlines

What’s new: China’s civil aviation regulator halted a newly launched plan to subsidize airlines amid concerns that the policy might discourage carriers from resuming operations.

Several airline sources confirmed with Caixin that the Civil Aviation Administration of China (CAAC) notified carriers that the implementation of a subsidy policy announced two weeks ago would be suspended between June 4 and 10. “It is unclear whether the suspension is temporary or not,” one person said.

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