News / Australia extends air cargo subsidies again as industry prepares for a 'new look'

With no sign of a return to pre-Covid supply chains, Australia has extended its air cargo subsidies, for the third time.

March funding for the International Freight Assistance Mechanism (IFAM) was upped to A$781.8m (US$596m), and the programme was extended until the end of September.

Some international flights are due to restart in Melbourne next week for returning nationals, following the state of Victoria’s third lockdown.

However, with Australia’s borders unlikely to fully reopen until the fourth quarter, according to recent reports, forwarders ...