China mulls cash injections, mergers to bail out airlines: sources

Wed, Feb 19, 2020 - 1:52 PM

China is considering measures such as direct cash infusions and mergers to bail out an airline industry crippled by the coronavirus outbreak, according to people familiar with the matter.

PHOTO: AFP

[BEIJING] China is considering measures such as direct cash infusions and mergers to bail out an airline industry crippled by the coronavirus outbreak, according to people familiar with the matter.

One proposal involves allowing some of the nation's biggest carriers - which are controlled...

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