Taiwan’s Ministry of Transportation and Communications (MOTC) has set aside NT $ 4.2 billion (around US $140 million) to aid the nation’s airlines should issues with the ongoing novel coronavirus (COVID-19) continue to affect the travel industry.
According to MOTC Minister Chia-lung Lin, in reports released in domestic Taiwanese media “The aviation industry is being hard hit by the epidemic. It is the biggest victim.”
Lin went on to refer to the steps his ministry may take in utilizing the funds, as opposed to merely providing subsidies direct to the airlines, which included subsidized landing charges and other related airport costs being covered.
Airlines around he world are routinely charged landing and departure fees in addition to monthly subsidies for maintenance and time slots at airports, as well as further charges for passing through airspace.
These fees fluctuate over any given 24 hour period with the highest charges typically applied to arrivals and departures between early morning and mid to late afternoon depending on a particular route.
In a report filed on simpleflying.com updating the issues facing Taiwan’s airlines, one of the nation’s top two, China Airlines, is now said to have cancelled 6,500 flights over the three month period from February to April.
This figure comes on the back of salary cuts and leave requests being handed down to its 10,000 employees in recent weeks.