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Webjet (ASX:WEB) share price falls on $250m recovery-readying offer Mitchell Lawler | April 1, 2021 11:37am | More on: The Webjet Ltd(ASX: WEB) share price has dumped this morning after the digital travel company announced its plans to raise $250 million through a convertible note offering. At the time of writing, the Webjet share price is down 4.66% to $5.32 per share. Additionally, the downward movement comes after Queensland Premier Annastacia Palaszczuk announced the lifting of lockdown across the Greater Brisbane region at noon today. Positioning for success As hopes rise of a return ...

The Australian government unveiled a A$1.2 billion ($928 million) tourism support package on Thursday, aimed at boosting local travel while international routes remain closed because of the coronavirus pandemic.

Half-Price Flights Aimed to Boost Australia’s Ailing Tourism Bloomberg 3/10/2021 Jason Scott and Angus Whitley © Bloomberg An aircraft operated by Qantas Airways Ltd.'s low-cost unit Jetstar Airways prepares to land at Sydney Airport in Sydney, Australia, on Wednesday, Feb. 17, 2021. Qantas is scheduled to release earnings results on Feb. 25. (Bloomberg) -- Australia’s government will subsidize 800,000 half-price airfares as part of a A$1.2 billion ($920 million) package to prop up the nation’s ailing tourism industry. Stocks in the nation’s aviation and travel in...

Because Australia has managed the pandemic well, it at least has a shot at getting domestic tourism in a healthy shape again.

The measure is part of a package of measures which also includes cheap loans to tour firms and aid for large airlines.