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Transport agency extends rental holiday to airport concessionaires

Airport authorities will extend implementation of rental holidays until end-April and deferment of collection of rental fees for airport concessionaires until end-May.

The order comes on the heels of the extension of the Luzon-wide enhanced community quarantine (ECQ) until April 30.

READ: DOTr lines up measures for aviation sector, eyes rental holiday

Transport Secretary Arthur Tugade said the directive, issued on April 15, was immediately executory and aims to cushion the economic impact of the coronavirus disease 2019 (COVID-19) pandemic on the country’s aviation industry and its stakeholders.

“As our aviation and airports sector has been hardly-hit by this COVID-19 pandemic, following the decreasing number of passengers, and flights—this extension of rental holidays, and deferment of rental charges would ease the burden of paying fees for our airport concessionaires,” Tugade said in a press statement.

The order covers all concessionaires that are renting/leasing spaces in the terminals of airports under the jurisdiction of the Civil Aviation Authority of the Philippines, Manila International Airport Authority, Mactan-Cebu International Airport Authority, and Clark International Airport Corporation.

With the extension, airport concessionaires’ lease/rental payment for the entire month of May will be deferred and they will begin paying their duties by June 2020.

Image by Ein Kaffee kostet mehr als € 0.55! from Pixabay 

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