Changi Airport Group (CAG) has announced that it will introduce a Singapore dollars (S$) 15 million ($12 million) support package for the air cargo sector starting 1 April.
The package, to be launched under the Changi Airport Growth Initiative (CAGi), includes a 20% landing fee rebate for freighter flights, partnership funding support for new cargo development initiatives and up to 20% rental rebates for cargo tenants using its Changi Airfreight Centre, says CAG.
Under the scheme, CAG will extend a 5% across-the-board rebate on landing fees for all passenger airlines at the airport. Other incentives will remain in place to support existing airlines' traffic growth, the launch of new services as well as to attract new airlines.
"Changi Airport could not have achieved its leading position as a key international air hub without the support of our valued airline and cargo partners through the years," says CAG's chief executive Lee Seow Hiang. "We are hence fully committed to strengthening our relationship with them through win-win partnerships and support programmes that will enable our partners and us to overcome the challenges ahead together and sustain our mutual growth for the long-term."