Virus Outbreak: Airline bailouts to cost at least NT$30 billion - News Summed Up

Virus Outbreak: Airline bailouts to cost at least NT$30 billion


The nation’s airlines have experienced financial difficulties, as an increasing number of countries restricting the entry of travelers to combat the pandemic has led to reductions to international flights, he said. It would take at least NT$30 billion to bail out the nation’s six airlines and the ministry would help secure loans to replenish their working capital, he said. This is particularly the case with the China Airlines,” Lin said. The disease prevention subsidy would be used to purchase masks and ear thermometers, as well as to disinfect aircraft, it said. The disease prevention subsidy is capped at NT$4,500 per international or cross-strait flight, and NT$2,500 for domestic flights, it added.


Source: Taipei Times March 18, 2020 15:56 UTC



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