Philippines to aid troubled airlines but won’t want to own them
by Bloomberg Oct 06, 2020
The Philippine government is ready to assist the airline sector as long as it won’t end up owning troubled carriers, Finance Secretary Carlos Dominguez said.
“We are prepared to participate in assistance to the airline industry,” Dominguez said in remarks before members of the Philippine Chamber of Commerce and Industry. “But let me point out that whatever assistance we have or we are going to provide will be part only of the entire process. The private sector banks have to cough up the majority of the assistance.”
The government is also reviewing its mining assets, Dominguez said, as he pushes for the sale of some government-owned mines to help revive the sector. The finance department is also studying how to tax the digital economy better, with the main tax agency expediting the implementation of e-invoicing system to boost collections, he said.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
Similar Stories
Climate activists briefly disrupt Munich Airport operations
Munich Airport was closed for some hours early Saturday after climate activists accessed the runway as part of a campaign calling for more government action against greenhouse emissions.
View ArticlePakistan Airline sale bid includes global aviation groups
Pak Ethanol Pvt. said a consortium it’s leading to buy a majority stake in Pakistan’s flagship air carrier includes several global aviation firms.
View ArticleFrontier Airlines breaks away from ultra low cost ticket model
Frontier Airlines, famous for deeply discounted ticket prices and bare-bones service, is adding new fare categories that include carry-on bags, seat selection and no cancellation fees as it seeks to…
View Article
Contraband turtle skulls, crocodile skins, kangaroo meat, exotic butterflies seized by CBP and FWS at LAX
View Article
United says FAA eases flight curbs as safety review advances
View Article
WorldACD Weekly Air Cargo Trends (week 19) - 2024
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
