Discounted Landing and Parking Charges at HKIA Extended Until March 2010

The current 10% reduction in landing and parking charges at Hong Kong International Airport has been extended for three months to 31 March 2010. The extension, amounting to additional savings of up to HK$56 million, will give airlines further relief against possible uncertainty on their paths to recovery.

The 10% reduction in the landing and parking charges, which was originally due to expire at the end of 2009, is part of a HK$450 million relief package launched by the Airport Authority in April this year to assist aviation business partners whose business has been adversely affected by the global economic downturn.

Apart from the 10% reduction in the landing and parking charges, the relief package also offers an interest-free payment deferral for premises rented at HKIA for up to one year till end of March 2010.

"This decision will be seen as good news by all the airlines using HKIA as it will encourage them to maintain or even increase frequencies at a time when sustainable recovery in aviation still looks far from certain," said Cathay Pacific’s Chief Executive, Mr Tony Tyler. "It also helps maintain the competitiveness of the Hong Kong hub in the face of the discounts being offered to airline by many other airports in the region."

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