Frydenberg contemplating aviation assist

2021-02-28 03:40:16

Treasurer Josh Frydenberg insists the federal government is different measures to assist a variety of industries, together with the aviation sector, as soon as the JobKeeper program ends.

The JobKeeper wage subsidy is because of end on the finish of March.

Australia’s flagship airline Qantas, which has drawn a whole bunch of tens of millions of {dollars} of JobKeeper assist, reported a $1 billion half yr revenue loss final week.

“There isn’t any doubt the aviation trade is being hit and hit exhausting and Qantas have a 75 per cent discount of their income is testomony to that,” the treasurer advised Sky Information’ Sunday Agenda program.

However Mr Frydenberg is assured the home tourism market goes to pick-up, significantly because the COVID-19 vaccine is rolled out, confidence comes again and inside borders do not shut as continuously as final yr.

“Internationally, these borders are remaining closed successfully for someday, as a result of clearly the world continues to be grappling with the virus,” he stated.

Qantas boss Alan Joyce expects worldwide journey will resume on October as soon as the vaccine rollout is accomplished domestically, however later than earlier hoped.

“With respect to the federal government’s assist we’re different measures that we will put in place post-JobKeeper to assist a variety of industries together with within the aviation sector,” Mr Frydenberg stated.

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