TOKYO -- Private Chinese carrier Juneyao Airlines is drastically cutting back on its investment plans this year due to the devastating impact of the novel coronavirus on the industry, even as its state-owned peers continue to enjoy adequate funding.
Transportation
Private Chinese airline to slash capital investment by over 90%
Midsize player Juneyao shrinks while well-funded state-owned carriers expand
A Juneyao Air aircraft arrives at Yonago Kitaro airport in western Japan in January. The Shanghai-listed carrier is facing funding challenges, unlike its state-owned rivals. (Photo by Ken Kobayashi)
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