Relaxed quarantine measures and huge thirst for travel make the city top choice for mainlanders, promising a healthy start to the summer for travel and gaming businesses.
Air Macau
A knowledgeable source indicated that the value of the capital could be increased to more than MOP 2 billion.
The Macao government is expected to make a capital injection into Air Macau – which will be the company’s third capital increase since 2009 – due to the company’s financial situation as a result of the Covid-19 pandemic, Tribuna de Macau newspaper writes today.
Secretary for Transport and Public Works Raimundo do Rosário said on Wednesday that a three-year period will be a suitable length of time for the local government’s extension of Air Macau’s monopoly, which was originally slated to expire early next month, adding that Macao’s civil aviation sector is going through a “very difficult” time due to the COVID-19 pandemic.
Macao flag carrier Air Macau has been granted a three-year conditional extension of its exclusive concession by the local government.
The Macao government extended Air Macau’s public concession service for three more years from 9 November, according to the Official Gazette (BO) today.
Air Macau suffered net losses of RMB 464 million (US$67.4 million) between January and June this year, according to data from Air China released today by Tribuna de Macau newspaper.
From late this month, EVA Air will operate five flights from Macao to Taipei where local passengers can take transfer flights to London and France, as part of the Macao government’s special measure to help Macao residents who are enrolled overseas to fly to the respective countries after their summer break here.
An Air Macau flight en-route to Macau from Tokyo was forced to return to the Japanese capital on Wednesday afternoon, reportedly due to an engine problem.