China's Ministry of Finance and the Civil Aviation Administration issued a notice to compensate airlines for costs associated with international cargo shipping. It clarified that between April 1 to June 30, Chinese airlines will be compensated for 80% of their costs to convert passenger airplanes into cargo flights – up to RMB 800,000 or RMB 1,450,000 per plane, depending on the model. During the same period, all airlines (both foreign and Chinese): will be compensated up to RMB 60,000 per flight for international trips made by passenger aircrafts that only carry cargo – depending on the flight’s carried weight and distance.
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