China Weighs Bailout for Airlines Struggling with Fuel Shock

China is considering several ways to support financially its struggling airlines which are reeling from the oil and fuel supply and price shock due to the Middle East crisis. The Chinese authorities are discussing various forms of support, including government-back preferential loans, subsidies, and preferential tax treatment, sources with knowledge of the deliberations told Bloomberg on Thursday. The last time China had to help and basically bail out its biggest air carriers was during the Covid pandemic, which hurt Chinese airlines the most amid…