Jayud Global Logistics Ltd. Secures $4.2 Million Government Subsidy for Charter Flight Operations
Reuters
Jun 25
Jayud Global Logistics Ltd. Secures $4.2 Million Government Subsidy for Charter Flight Operations
Jayud Global Logistics Ltd. has announced that it has received a government subsidy of approximately USD 4.2 million from the Shenzhen Transportation Bureau. This funding is designated for two charter flight routes operated by the company during 2022-2023, specifically the Shenzhen-Clark and Shenzhen-Davao routes. Jayud applied for the new route subsidies in March 2023, with the amounts finalized in March 2025 after adjustments due to high demand for funding. This subsidy is exclusive to Jayud Global Logistics Ltd. and is expected to positively influence their financial performance and support their growth in cross-border air freight services.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jayud Global Logistics Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9483916-en) on June 24, 2025, and is solely responsible for the information contained therein.
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