MOTC proposes NT$30 billion bailout fund, China Airlines issues NT$10 billion in bonds as aviation industry faces virus crisis

The Ministry of Transportation and Communications (MOTC) has proposed an NT$30 billion bailout loan package for Taiwan’s six airlines, but the plan has not yet been approved by the premier, according to Executive Yuan Spokesperson Kolas Yotaka. A previous bailout package was approved to the tune of NT$4.8 billion, but MOTC Minister Lin Chia-lung indicated recently that the figure may be raised to NT$30 billion because the aviation industry requires capital turnover. Today’s announcement comes on the same day that

Read more