China's Big Three:
bouncing back — August 2020
China’s major carriers have been as badly impacted by the coronavirus crisis as any other airline in the world. But they have seemingly had little difficulty in raising liquidity, show no signs of the deep retrenchment planned by major carriers in Europe and North America, and are swiftly restoring operations from the Covid-19 pandemic inspired lockdowns.
Indeed the PRC’s quarantine measures, while draconian, were effectively targeted on the infection hotspots, and the country started encouraging people back to work towards the end of February, less than a month after their imposition, in an attempt to limit the economic impact.……