SINGAPORE AIRPORT AUTHORITY PROVIDES REBATES TO AIRLINES

SINGAPORE, Feb 13 (Bernama) -- The Civil Aviation Authority of Singapore
(CAAS) is providing a total of S$200 million this year to help airlines and
airport partners tide over the current economic downturn.

In a statement Thursday, CAAS said the sum comprised a S$63 million relief
package consisting of rental rebates (S$43 million) and a newly set up S$20
million 'Promotions Development Fund' for retail, food and beverage, services
concessionaires at Changi Airport as well as another S$7 million in rental
rebates for other airport partners.

These are in addition to the S$130 million Air Hub Development Fund (AHDF)
recently extended to airlines and airport partners, CAAS said.

In addition to the 15 percent rental rebate under the AHDF, CAAS will
provide a further five percent for tenants of offices, airline lounges and
warehouses at Changi Airport and Seletar Airport.

This will benefit airlines as well other airport business partners such as
ground handlers, airport concessionaires and cargo agents, CAAS said.

CAAS has also introduced a Cargo Incentive Scheme under which, designated
warehouse and office tenants within the Changi Airfreight Centre will receive on
a quarterly basis, cash payouts of S$10 per tonne of cargo handled and office
rent for that quarter.
--BERNAMA