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China’s coronavirus strategy deals blow to aviation sector, but could be shot in the arm for home-grown planes | South China Morning Post

August 29, 2021
Source: scmp.com scmp.com
News Snapshot:
With China intent on sticking with its zero-tolerance coronavirus strategy, the recovery of its domestic aviation industry remains uncertain. Analysts have said loss-making airlines may be forced to push back the deliveries of new foreign-made planes, meaning China will have to boost production of domestically made aircraft to manage growing costs. “The outlook for [domestic air travel] is another cautious year, especially with the emergence of highly infectious new Covid variants causing more effects,” said David Yu, professor of finance at New York University Shanghai, who specialises in aviation financing. “As there are large demand differences between highly flown trunk...
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