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China: tax cuts for carriers

Savings of 400-500 million dollars a year

The value of the shares of Chinese carriers has increased following the decision taken by the Beijing government to reduce airport taxes, which were paid directly by the airlines. An important decision also for the corporate coffers as even Air China, China Eastern Airlines and China Southern Airlines have had "problems" related to the increase in the cost of fuel and the low value of the Yuan on the...

M/A - 1220554

AVIONEWS - World Aeronautical Press Agency