Coronavirus Epidemic, Australia To Roll Aid Package
Coronavirus Epidemic, Australia To Roll Aid Package. The Australian government has presented a USD 430 million, rescue plan for its aviation industry, which has been hard hit by the coronavirus epidemic.
Australian Deputy Prime Minister Michael McCormack, who is also Minister for Infrastructure, Transport and Regional Development, announced the measures on March 18, while acknowledging the "unprecedented" challenges facing the industry.
The Australian government will also reimburse these fees already paid by domestic companies, with retroactive effect from February 1.
According to McCormack: “Our airlines have tight budgets at best and the past few weeks have been particularly difficult. I speak to Australian airline executives on a daily basis and will continue to work with them to ensure they receive the support they need. "
Australia's backup plan follows large capacity reductions from two of the country's largest operators: Qantas and Virgin Australia. The two carriers, who are cutting their domestic capacity by at least half, have frozen a significant number of planes as they experience the effects of the epidemic and related travel restrictions.
In addition to Australia, other countries such as Singapore and China have implemented measures to cushion the impact of the coronavirus epidemic in their respective aviation industries.
Australian Deputy Prime Minister Michael McCormack, who is also Minister for Infrastructure, Transport and Regional Development, announced the measures on March 18, while acknowledging the "unprecedented" challenges facing the industry.
Coronavirus Epidemic, Australia To Roll Aid Package, Airbus A380 Series
The relief program will include exemptions from the excise tax on aviation fuel, air service charges for national airline operations, as well as regional aviation security charges.The Australian government will also reimburse these fees already paid by domestic companies, with retroactive effect from February 1.
According to McCormack: “Our airlines have tight budgets at best and the past few weeks have been particularly difficult. I speak to Australian airline executives on a daily basis and will continue to work with them to ensure they receive the support they need. "
Australia's backup plan follows large capacity reductions from two of the country's largest operators: Qantas and Virgin Australia. The two carriers, who are cutting their domestic capacity by at least half, have frozen a significant number of planes as they experience the effects of the epidemic and related travel restrictions.
In addition to Australia, other countries such as Singapore and China have implemented measures to cushion the impact of the coronavirus epidemic in their respective aviation industries.
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