Asia/Pacific

CAAC plans robust recovery in 2023, aims to cover 75% of losses

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CAAC plans robust recovery in 2023, aims to cover 75% of losses

The Civil Aviation Administration of China (CAAC) is planning for the aviation industry to break even in 2023 to cover up for the pandemic losses. Prior to pandemic, the Chinese aviation industry had been profitable for 11 consecutive years. Song Zhiyong, Director General of CAAC, said: “We aim to...

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