Singapore's Changi airport will extend landing fee rebates for scheduled freighter services into 2014.
Between 1 April and 31 December 2013, the airport will offer scheduled freighter flights a 50% rebate on landing fees, which will be adjusted to 30% in the first quarter of 2014.
In addition, tenants at the Changi Airfreight Centre will be able to take advantage of up to a 20% rebate on their rentals, based on the tonnage of cargo handled.
The airport says that the measures will amount to more than S$17 million ($13.7 million) over the next 12 months.
"Our partners in the cargo sector continue to face strong headwinds from the global economic weakness," says Changi airport's chief executive Lee Seow Hiang. "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."
The airport says that in 2012, its air cargo volumes declined by 3.2% to 1.81 million tonnes, reflecting the continued global weakness in the air cargo market.