The Civil Aviation Administration of China (CAAC) has issued its 2016 subsidy policy for 152 small civilian airports, which will receive subsidies amounting to 1.31 billion yuan next year, according to an announcement released on CAAC's website on Thursday.
According to the announcement, 152 small airports are among the beneficiaries and each will get a subsidy ranging from 1.11 million yuan to 18.16 million yuan.
Among the 152 airports, Jiuzhai Huanglong Airport will get the most subsidiary (18.16 million yuan), followed by Kashgar Airport (17.34 million yuan) and Aksu Airport (15.92 million yuan).
It is learnt that most of the small airports are suffering losses due to insufficient traffic flow and have to be subsidized by the government to survive.
The money will come from the Civil Aviation Development Fund. The Finance Department of CAAC is now soliciting public comments on the announcement until Dec. 5, 2015.
Synhelion has entered into a MoU with the Government of Morocco to advance the development of a large‑scale commercial synthetic fuel plant in the country’s southern Tan‑Tan province. The p...
Kepplair Evolution, just days after completing the first pre‑modification flights of its prototype aircraft, has announced the closing of a new €6 million funding round — bringing total fin...
Textron Aviation announced that Starlink’s high‑speed internet solution is now available for Hawker 700, 800 and 900 series aircraft, following the Federal Aviation Administration’s a...
Vista is set to debut its signature hospitality concept, Vista House, in Singapore, elevating one of Asia’s most anticipated sporting weekends with a refined, members‑only experience. Conceived...
