Airport Authority Hong Kong announces HK$1 billion in relief measures for partners

HONG KONG. Airport Authority Hong Kong today announced a HK$1 billion (US$129 million) package of relief measures for partners to alleviate the impact of the COVID-19 outbreak.

The relief package in full comprises a government waiver of HK$670 million in Air Traffic Control Charges to the Airport Authority for the year 2019/20, which will be passed on to the airport community, plus a sum of HK$330 million from the airport company to partners.

The effective period of different measures is from February to June, targeting three main groups: aviation industry, airport retail tenants and restaurants and airport staff.

Rent relief totalling HK$320 million will be provided to airport shops and restaurants paying a fixed rent (Beauty & You by Shilla above, Duty Zero by cdf below)

Rent relief totalling HK$320 million will be provided to airport shops and restaurants paying a fixed rent. The rental concession will be 70% for three months from March to May, and 50% in June, as stepped-up support from the 20% fixed rental discount starting last October.

Full waiver of commercial service counter licence fees, in-terminal service licence fees, and fees paid by cross-border transport operators will be provided for four months.

Rental of offices and lounges in the terminal and franchise fees for aviation support services including aircraft catering, into-plane fuelling and maintenance, as well as cargo terminal services will be reduced by 10% to 50% for three to four months.

Airlines will receive full waiver for five months on parking and airbridge fees for idle passenger aircraft, and 40% reduction of passenger aircraft landing charges for four months.

A total of HK$50 million has been earmarked as a training allowance to frontline airport staff who are on no-pay leave, with a view to encouraging staff to enhance competencies and skills. The sum can benefit up to 25,000 staff.

Before the announcement of the latest package, the Airport Authority had already introduced two rounds of relief measures in September 2019 and February 2020 respectively, amounting to about HK$1.6 billion. The measures in the past two rounds include rental concessions, reduction or waiver of fees, among others, providing support to various business partners such as airlines, ramp handlers, retail tenants, restaurants and franchisees.

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