Hong Kong Airport extends relief period to retail tenants
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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.
Questions & Answers
Q.What kind of businesses are benefiting from this rent relief at Hong Kong Airport?
What kind of businesses are benefiting from this rent relief at Hong Kong Airport?
The rent relief measures are specifically for retail and catering tenants operating within Hong Kong Airport. Also, other aviation industry partners and stakeholders are also receiving waivers or reductions on various fees.
Q.When did Hong Kong Airport first introduce these relief measures for its tenants?
When did Hong Kong Airport first introduce these relief measures for its tenants?
Hong Kong Airport initially implemented a waiver or reduction of various fees for the aviation industry and partners in March of this year. These measures are now being extended for a longer period.
Q.How long will the current rent relief period for tenants last?
How long will the current rent relief period for tenants last?
The current rent reductions and waivers for retail and catering tenants are scheduled to continue through July and August. This extends the relief package implemented earlier in the year.
Q.Are there any specific benefits for shops and restaurants that have had to close temporarily?
Are there any specific benefits for shops and restaurants that have had to close temporarily?
Yes, shops and restaurants that are temporarily closed receive a full rental waiver from the airport. This is part of the broader package of relief measures for tenants.
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