HK carriers to receive HKD1 million per plane financial aid
Hong Kong is dishing out financial support to the city’s airlines at up to HK$1 million per plane.
Details of aid for the beleaguered airline industry were revealed as part of a HK$137.5 billion relief package.
With the largest fleet cash-strapped Cathay Pacific Group are the biggest beneficiary and will bag HK$236 million (US$30.4 million).
"We welcome the government’s latest announcement of relief measures to help businesses, including airlines, during this challenging time," Cathay Pacific said.
Rival Hong Kong Airlines will receive an estimated HK$32 million.
The unique payout provides HK$1 million for large planes weighing at least 54.5 tonnes and HK$200,000 for smaller jets.
"We recognise some sectors are particularly hard hit. Hong Kong International Airport is almost closed," said HK Chief Executive Carrie Lam.
The new financial aid comes after the HK Airport Authority pledged to buy 500,000 flight tickets to ease dwindling cash-flow in the sector.
It is estimated that Hong Kong based airlines have seen revenues decline by HK$46.5 billion so far this year.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers reduced timetable to over 60 destinations
Hands In, UATP join forces for airline multi-card payments
AirlineRatings reveals world's safest airline rankings for 2026
Vietnam warns airlines of possible flight reductions amid jet fuel shortages
Fliggy opens AI-powered travel bookings and developer tools