ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Asian airlines need government support now as situation spirals

Cathay, Singapore and Korean have all slashed capacity as travel bans take effect

| China
A Cathay Pacific Boeing 777-300ER plane taxis at O'Hare International Airport in Chicago: the company concluded sale and lease-back transactions on six of its Boeing aircraft.   © Reuters

The coronavirus has been a human tragedy and is now also an economic disaster, and airlines have been among the worst hit industries.

Initially, the main concern for Asian airlines was their exposure to China-based traffic, but this turned into a regional issue as more countries enacted border barriers. The latest U.S. and European restrictions have decreased traffic even more.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more