Hong Kong Airport extends relief period to retail tenants

Hong Kong airport is extending its rent-relief package to tenants and other stakeholders in recognition of the prolonged impact of the coronavirus pandemic.

The airport implemented a waiver or reduction of various fees for the aviation industry and partners in March this year. The reductions are now scheduled to continue through July and August.

The measures include a rental relief for retail and catering tenants and a full rental waiver for temporarily closed shops and restaurants.

In addition, the airport has instituted a full waiver of parking and airbridge fees for idle passenger aircraft, a reduction for passenger aircraft landing charges and a full waiver on fixed charges for inflight catering services amongst a range of other relief measures for the industry.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Add Comment