The put up Russia extends financial support for its airlines during COVID-19 crisis appeared first on TD (Journey Day by day Media) Travel Daily.
Russia’s Prime Minister introduced immediately that the nation’s authorities has prolonged subsidy applications to help airports and airways amid the COVID-19 pandemic.
“The federal government determined to increase the applications to subsidize airports and airways, to extend the quantity of state help for carriers, and the corresponding authorities decree has already been signed,” Prime Minister stated.
In line with the official, initially the help measures have been designed for the interval from February to July and now air carriers can to obtain partial compensation for his or her losses for the interval from August to November.
“Nevertheless, the speed for calculating subsidies for every passenger who didn’t fly because of COVID-19 restrictions may also be elevated, and a better ratio will probably be utilized for Far Jap airways,” he stated.
The help program for airports, which was initially to cowl solely the second quarter of 2020, will probably be prolonged for an additional month.
“Greater than 34 billion rubles (about $465 million) have already been allotted to stabilize the operation of the aviation trade amid the unfold of the coronavirus. The extension of subsidy applications will assist the airline sector overcome monetary difficulties, and most significantly, preserve human sources,” the Prime Minister concluded.
The put up Russia extends financial support for its airlines during COVID-19 crisis appeared first on Travel Daily.