HKIA retailers benefit from support after AAHK extends relief through May

By Luke Barras-hill |

Most of the shops and restaurants in the terminal have suspended business and rents have been waived. Source: HKIA.

Commercial tenants at Hong Kong International Airport (HKIA) will continue to avail of rent relief in April and May, Airport Authority Hong Kong (AA) has said.

By extending the relief package for a further two months, the landlord is offering a crutch to the many shops and restaurants that have suspended business in the terminal as Covid-19 causes prolonged damage to aviation.

The airport authority has also waived base rent for those businesses that remain open for the purpose of providing essential services.

AA first introduced rent relief for partners in February 2020 and has continued to do so since the pandemic.

Other measures in place include a full waiver of parking charges for idle passenger aircraft and airbridge fees; reduction of passenger aircraft landing charges; fee reductions related to ramp handling, maintenance and airside vehicles; rental reduction for terminal tenants covering lounges and offices; fee waivers for terminal licensees including ancillary passenger services, commercial services counters and cross-border transport operators; and concessions on fees for aviation support services such as into-plane fuelling, aircraft maintenance and inflight catering services.

Relief measures will be adjusted depending on the air traffic and business recovery at HKIA.

“Airport Authority Hong Kong (AAHK) continues to stand with the airport community by extending its relief package for two months to the end of May 2022, in view of the prolonged impact to the aviation industry brought by the COVID-19 pandemic,” read a statement.

 

The Americas

Details emerge of JFK T1 commercial programme and duty free tender

Qualified travel retail operators are being invited to participate in a request for proposals...

Europe

Mondelez WTR launches Win a Diamond pop-up with Lagardère at CDG

Mondelez World Travel Retail (WTR) has unveiled an enhanced iteration of its Win a Diamond...

Middle East

JEDCO launches multi-category tenders at KAIA T1

Jeddah Airports Company (JEDCO KSA) has issued a request for proposals for several...

image description

In the Magazine

TRBusiness Magazine is free to access. Read the latest issue now.

E-mail this link to a friend