, Columnist
China's Inc.'s Tax With Wings
The nation's airlines don't appear keen to embrace their patriotic duty.
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Being a Chinese airline can seem pretty sweet.
The country's major carriers have what's soon to be the world's biggest aviation market to themselves. Operating costs are often on a par with budget carriers elsewhere. Thanks to their lack of fuel hedges, Chinese airlines have even pocketed an outsized benefit from the slump in oil prices.