Taiwan Airlines to Get $1.6 Billion Help, More Stimulus May Be Coming

Taiwan President Tsai Ing-wen speaks about the coronavirus situation in Taiwan, during a news conference at the Centers for Disease Control in Taipei, Taiwan, on Feb. 7, 2020. Fabian Hamacher/Reuters

TAIPEI—Taiwan will help its hard-hit airline industry access T$50 billion ($1.6 billion) in financing, and does not rule out further economic stimulus to help during the coronavirus outbreak, President Tsai Ing-wen said on March 19.

Trade-reliant Taiwan is rolling out a T$60 billion stimulus package to help soften the economic impact of the virus and Tsai has said a further T$40 billion was available.