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Airlines to get $715m coronavirus assistance plan as REX warns of collapse in ‘just weeks’

Byindianadmin

Mar 17, 2020 #'only, #collapse
Airlines to get $715m coronavirus assistance plan as REX warns of collapse in ‘just weeks’

Published.

March 17, 2020 23: 01:35

The Federal government will waive $715 million worth of charges and charges for domestic airlines, as Australia’s air travel industry buckles from the fallout of the coronavirus pandemic.

Key points:

  • The support plan will reimburse and waive aviation fuel import tax, air service charges and domestic and local air travel security charges
  • It comes after Qantas stated it would ground 150 aircraft and local airline Rex revealed a voluntary trading stop to the ASX
  • Airlines all over the world have actually struggled given that the outbreak of COVID-19 with lots of requesting government bailouts

The assistance bundle, announced on W

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