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October 16, 2020

Covid-19: Airport Authority Hong Kong extends relief measures

Airport Authority Hong Kong (AA) has extended the relief measures for the local aviation sector to the end of this year as travel demand continues to remain weak amid the Covid-19 pandemic.

Airport Authority Hong Kong (AA) has extended the relief measures for the local aviation sector to the end of this year as travel demand continues to remain weak amid the Covid-19 pandemic.

First announced in February, the relief package was previously set to continue until the end of this month. The latest move extends the benefits for an additional two months.

The measures will continue to include a full waiver of parking charges for idle passenger aircraft and airbridge fees, as well as the reduction of passenger aircraft landing and ramp handling charges.

AA will also continue the rental reduction scheme for terminal tenants and the fees waiver for terminal licensees, including ancillary passenger services, commercial services counters and cross-border transport operators.

It will also continue to offer rebates on franchise fees for aviation support services.

The aircraft maintenance charges and fixed charges for inflight catering services were waived off until December.

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Most of the stores and restaurants in Hong Kong International Airport have suspended their operations as the number of passengers plummeted. The rentals of these tenants were waived off while the stores that remained open are not required to pay their base rent.

In a statement, AA said: “AA will closely monitor the operating environment and provide necessary assistance to the airport community during these challenging times.”

In June, AA signed five-year loan facilities with a combined worth of HK$35bn ($4.5bn) with 21 local and international banks.

The amount will be used to fund its capital expenditure and to support other general corporate purposes.

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