News / Australia extends subsidies for air cargo until June and looks away from China

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Australia has extended air cargo subsidies until next June and unveiled plans to diversify trade away from over-reliance on China.

The International Freight Assistance Mechanism (IFAM) will receive an extra A$317.1m (US$226m), with $95m earmarked specifically to address upcoming seasonal demand.

Having already received A$350m since launching ...

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