China's airlines fly the world riding on US$1.3b subsidies
China is set to become the world’s biggest aviation market in 5 years thanks in part to hefty subsidies from local govts beseeching airlines to fly mainland tourists overseas. Local govts, especially those outside mega cities like Beijing, Shanghai and Guangzhou, spent at least CNY8.6b (US$1.3b) subsidising airlines in 2016, mostly for them to start direct services to far-flung places such as New York and Paris, according to data compiled by Civil Aviation Data Analysis. These payments, to both Chinese and foreign carriers, equate to close to half the CNY19.49b in profits earned by the top 4 mainland-based airlines last year, according to Cadas. Economic growth and rising incomes has led China to become the largest source of outbound travelers. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-12-22/general/chinas-airlines-fly-the-world-riding-on-us-1-3b-subsidies
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China's airlines fly the world riding on US$1.3b subsidies
China is set to become the world’s biggest aviation market in 5 years thanks in part to hefty subsidies from local govts beseeching airlines to fly mainland tourists overseas. Local govts, especially those outside mega cities like Beijing, Shanghai and Guangzhou, spent at least CNY8.6b (US$1.3b) subsidising airlines in 2016, mostly for them to start direct services to far-flung places such as New York and Paris, according to data compiled by Civil Aviation Data Analysis. These payments, to both Chinese and foreign carriers, equate to close to half the CNY19.49b in profits earned by the top 4 mainland-based airlines last year, according to Cadas. Economic growth and rising incomes has led China to become the largest source of outbound travelers. <br/>
