CHINA CAA TO GIVE DOMESTIC CARRIERS TAX ADVANTAGES

Li Jiaxiang, the head of the Civil Aviation Administration of China, has stated that the country would initiate favourable tax policies to help domestic airlines open new international passenger and cargo routes. Li said that China’s three top carriers, Air China, China Southern Airlines and China Eastern Airlines, were still too small in scale compared with global rivals. “Via government guidance and market operations, we must push ahead industry consolidation to form, as soon as possible, two or three airline companies with wide networks that are strongly competitive internationally,” Li said. The central government is expected to announce latter this