Singapore Changi Airport’s airfreight movements declined 12.1 percent – to 126,500 tonnes – in February compared to a year ago.
In response to the weak cargo industry worldwide, Changi Airport Group is extending support to its air cargo partners under the Changi Airport Growth Initiative.
From April 1 to Dec. 31, all scheduled freighter flights at Changi Airport will receive a 50 percent landing fee rebate. This will be adjusted to 30 percent for the first quarter of 2014.
Beginning April 1, cargo tenants leasing Changi cargo facilities at the Changi Airfreight Centre will receive rebates based on cargo tonnage handled, up to 20 percent of their rentals.
“Our partners in the cargo sector continue to face strong headwinds from the global economic weakness,” Lee Seow Hiang, Changi Airport Group’s CEO, said. “We hope, with this support package, to alleviate their situation. We will monitor the market environment closely and work with our partners to ride through the challenging period and at the same time try to find growth opportunities in targeted cargo segments for Changi Airport.”