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China removes some subsidy pre-conditions for airlines

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Published Wed, Nov 2, 2022 · 08:06 PM
    • The maximum grant set out by the scheme is 24,000 yuan per hour.
    • The maximum grant set out by the scheme is 24,000 yuan per hour. PHOTO: REUTERS

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    CHINA’S finance ministry said on Wednesday (Nov 2) it had removed a pre-condition for subsidies to Chinese airlines related to the number of daily flights.

    In May, the ministry said airlines would only get cash support when the average daily number of domestic flights was lower than or equal to 4,500. That threshold has been removed, the ministry said in a statement on its website dated Oct 31.

    The policy is meant to help carriers weather the Covid-19 downturn.

    The maximum grant set out by the scheme is 24,000 yuan (S$4,652.67) per hour. REUTERS

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