Credit: State-Owned Assets Supervision and Administration Commission
In the first half of 2019, Chinese airlines banked subsidies equal to 86% of their profits. If authorities in Beijing get their way, that number will decline in 2020. The central government is demanding a reduction in subsidies to industries in general. The measure will not affect airlines only, but...
Beijing Demands Cuts In Subsidies is part of our Aviation Week & Space Technology - Inside MRO and AWIN subscriptions.
Subscribe now to read this content, plus receive full coverage of what's next in technology from the experts trusted by the commercial aircraft MRO community.
Already a subscriber to AWST or an AWIN customer? Log in with your existing email and password.