Covid-19: AoT Board extends payment terms for concessionaires to 12 months

By Luke Barras-hill |

BKK

Further support measures are being offered to partners at AoT’s six major airports: Bangkok Suvarnabhumi (pictured), Don Mueang, Chang Rai, Chiang Mai, Hat Yai and Phuket.

Airports of Thailand (AoT) will extend support to its concessionaires and airlines severely impacted by travel restrictions in many countries due to the ongoing coronavirus (Covid-19) crisis.

At a Board of Directors meeting held today (29 July), AoT resolved to extend credit terms of payment for concession charges at its six airports from six months to 12 months, applicable to monthly instalments during February to July only.

The credit term has also been applied to office and state property rents, terminal and building charges, landing and parking charges and aircraft service monthly charges for the period April – July only.

“Such assistance measure shall be applicable to the concessionaires and airlines who already submitted a letter of request for payment term extension to AoT,” read a letter addressed to the Stock Exchange of Thailand.

“For those who submit it after the date of the above-mentioned AoT Board of Directors’ resolution (29 July 2020), they shall be eligible for such assistance measure, without a retroactive effect, from the instalment due whereby the concessionaires or airlines submit such a letter to AOT.”

As reported, AoT introduced out a spread of support measures in April to help airport partners, including discounts on property rents and terminal and building charges.

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