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S$200M to Help Airport Partners Ride Through Tough Times

February 13th, 2009 · No Comments

The Civil Aviation Authority of Singapore (CAAS) is dishing out S$200 million in total for 2009 to assist airlines as well airport partners ride through the current tough times. This includes a S$63 million relief package composing of rental rebates (S$43 million) and a recently created ‘Promotions Development Fund‘ (S$20 million) for retail, food & beverage and services concessionaires at Changi Airport, and a separate S$7 million in rental rebates for other airport partners.

These are on top of the S$130 million Air Hub Development Fund (offered to airlines and airport partners) that CAAS has previously announced.

Read more on CAAS to Give Out a Total of S$200 Million to Assist Airport Partners Tide Over Economic Downturn.

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