7 KILLED, HUNDREDS INJURED AS STRONG QUAKE HITS SULAWESI, INDONESIA
VATICAN: POPE FRANCIS, FORMER POPE BENEDICT BOTH GET COVID-19 VACCINE
AUSTRALIA REBUKES GOOGLE FOR BLOCKING LOCAL CONTENT
JAPAN TO BAN ENTRY OF FOREIGN ATHLETES TO TRAIN AHEAD OF SUMMER OLYMPICS
BIDEN INAUGURATION WILL FEATURE DIVERSE PERFORMANCES INCLUDING LADY GAGA, JENNIFER LOPEZ
COURT ORDERS ARREST OF COPS ACCUSED OF KILLING ARMY MEN IN JOLO
THE PANDEMIC SLAMS PHL VEHICLE SALES IN 2020
CHESS PLAYER WESLEY SO BAGS P11.8M, JOINS WORLD’S TOP ESPORT EARNERS
ZSA ZSA PADILLA FINALLY VISITS THE GRAVE OF ‘COMEDY KING’ DOLPHY AGAIN
DUTERTE: PRESIDENCY JOB NOT FOR A WOMEN

JAPAN TO WAIVE UP TO US$120 MILLION IN LANDING FEES TO PROP UP AIRLINES

5 months ago | World | 0 comments

By Xai Reyes

Japan’s government will waive airport landing fees worth up to 12.5 billion yen (US$120 million) to ease the financial burden on airline operators, two sources familiar with the matter said, as they reel from a drop in traffic due to the COVID-19 pandemic.

The government will waive about 50 per cent of landing fees from August through next March, said the sources, who declined to be identified because the information is not public.

The source said tghe measure will apply to 14 government-operated airports.

The transport ministry could not immediately be reached for comment.

The relief is the latest step to prop up Japanese carriers and comes as banks including the state-backed Development Bank of Japan have provided ANA Holdings US$3.8 billion in subordinated loans to help it weather the pandemic.

While Japanese airlines have seen some rebound in domestic flight demand, helped by a government travel campaign, bookings remain below last year’s levels.

0 Comments

Submit a Comment

Your email address will not be published.

Social Media