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Rescue package for airline industry

Hopes for state aid: Air China, in particular, suffered from the lockdowns
The Covid crisis has also affected China’s airline industry. It is now facing new challenges: High fuel costs, a weak yuan, and image problems following a plane crash are complicating the recovery. A government aid package is intended to provide relief.
By
Christian Domke-Seidel
Image of Christian Domke-Seidel

While Western airlines like Lufthansa are heading for a recovery, China’s aviation industry is only now really slipping into crisis. The Communist Party’s strict zero-Covid strategy has led to a slump in the number of domestic flights. At the same time, international traffic has almost ground to a halt due to travel restrictions. Compared to January 2020, Chinese airlines’ international traffic has plummeted by 90 percent. An extensive rescue package is now intended to give the sector a boost again.

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