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Australian shippers are urging the government to extend subsidies for air cargo, noting the lack of capacity in the market. The International Freight Assistance Mechanism, which has received more than A$1bn (US$721.45m) since it was launched in April 2020 to subsidise air freight costs for shippers, is due to end in mid-2022. But shippers have pointed to capacity cuts by Qantas, Cathay Pacific and Virgin Australia, arguing the programme needs to be extended. Financial Review reports.

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