Changi relief package includes cargo
- Posted on 13 February 2009
Changi relief package includes cargo
The Civil Aviation Authority of Singapore (CAAS) has announced a further S$70 million (US$46.2 million) relief package to help airlines and airport partners cope with the economic crisis. The new package is in addition to the S$130 million Air Hub Development Fund (AHDF) that CAAS had already extended to airlines and airport partners.
Included in the relief package are enhancements to the AHDF to establish a Cargo
Incentive Scheme. Under this scheme, CAAS¡¯ warehouse and office tenants
in Cargo Agent Buildings C, D, E and Megaplex within the Changi Airfreight
Centre will receive, on a quarterly basis, cash payouts of S$10 per tonne of
cargo handled in that quarter, up to an amount equivalent to 15 per cent of their
warehouse and office rent for that quarter.
The new package comprises rental rebates worth S$43 million and a newly set up ¡®Promotions Development Fund¡¯ amounting to S$20 million for retail, food & beverage and services concessionaires at Changi Airport, as well as another S$7 million in rental rebates for other airport partners.
These relief measures are effective from 1 January 2009 to 31 December 2009.
