Coronavirus: Hong Kong Airport Authority to Buy 500,000 Air Tickets to Inject Cash Directly Into Ailing Airlines
The government will buy 500,000 flight tickets directly from the city’s airlines as part of a stimulus worth billions of Hong Kong dollars to the crippled aviation sector.
In the biggest package of financial support for the industry to date, firms will also be able to tap into the government’s new scheme that subsidises monthly pay packets by up to HK$9,000 under a wider HK$137.5 billion (US$18 billion) package to shield Hongkongers from the devastating economic impact of Covid-19.