Zhongxin Finance, March 25th, a few days ago, the General Office of the People's Government of Guangdong Province issued the "Several Measures of Guangdong Province to Promote the Recovery and Development of Difficult Industries in the Service Industry" (hereinafter referred to as "Measures"), requiring many cities to introduce new passenger and freight route subsidies as soon as possible. Policies to support the development of airlines and airports with heavy epidemic prevention and control tasks, operational difficulties, and large funding gaps.
The "Measures" propose that in 2022, the prepayment of value-added tax by air transport enterprises will be suspended for one year, and the incremental value-added tax refund for airports in the province should be refunded.
Conditional prefectures and cities shall, according to actual needs, coordinate higher-level transfer payments and local financial resources to support the development of airlines and airports with heavy epidemic prevention and control tasks, operational difficulties, and large funding gaps.
Guangzhou, Shenzhen, Zhuhai and other cities will introduce new subsidy policies for passenger and cargo routes as soon as possible, and cities that have promised to provide airline subsidies should allocate the subsidy funds in full in a timely manner.
The provincial finance and the finance of prefectures and cities where conditions permit will increase their support for the construction of civil aviation infrastructure projects in the province (preliminary work), and encourage qualified prefectures and cities to give discount subsidies to the loan funds for civil aviation infrastructure construction projects.
Actively seek central financial funds such as the Civil Aviation Development Fund, and focus on supporting the construction of civil aviation infrastructure, safety capacity building, small and medium airport operations, and airline network expansion in the province.
Qualified airports (excluding general airports) projects are encouraged to apply for local government special bond needs.
Promote banking financial institutions to strengthen information sharing with local government departments, and strengthen comprehensive financial services such as credit and settlement for hub airports under the premise of controllable risks.
Encourage banking financial institutions to increase credit support for airports and airlines in the province.
Encourage qualified airports and airlines in the province to issue corporate credit bonds and expand diversified financing channels.
Provide facilitation services for airports and airlines in the province severely affected by the epidemic to register and issue debt financing instruments.
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