Airport Authority Hong Kong (AAHK) will extend its relief package for the pandemic-hit aviation sector until July.
The latest move by AAHK extends the benefits for an additional two months.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
AAHK will continue to provide fee waivers, which include a full waiver of parking fees for idle passenger aircraft and airbridge charges.
It will also reduce passenger aircraft landing fees, as well as fees associated with maintenance, airside vehicles and ramp handling.
Furthermore, AAHK will offer a reduction in rents to terminal tenants, covering lounges and offices.
The fee waiver will be provided to terminal licensees, including ancillary passenger services, commercial services counters and cross-border transport operators.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataConcessions on fees will be continued for aviation support services. These services include into-plane fuelling, aircraft maintenance and inflight catering.
In a statement, AAHK said: “The continuing relief package also includes the rental relief for retail and catering tenants. Most of the shops and restaurants in the terminal have suspended business and their rental is waived.
“The base rent is also waived for those that remain open to provide essential services. The relief measures will be adjusted to respond to the changing circumstances accordingly.”
In January, Reuters reported that AAHK would raise up to $4bn in a multi-tranche dollar bond offering.
A total of 22 banks, including JPMorgan, HSBC and UBS, have been mandated for the US dollar-denominated multi-tranche bond issuance.
