Niche cargo helps Changi’s growth
02 / 02 / 2014
CHANGI Airport’s air cargo traffic increased by 0.8 per cent last year, buoyed by Singapore’s growing perishables and pharmaceuticals throughput.
With the recovery of the global airfreight business considered to be fragile – and demand and yields still depressed – the Changi Airport Group (CAG) will continue to extend support to its air cargo partners by offering reduced landing fees and rents through its Changi Airport Growth Initiative, says a spokesperson.
It means that all scheduled freighter flights at Changi will enjoy a 50 per cent landing fee rebate and cargo tenants leasing CAG cargo facilities at the Changi Airfreight Centre will enjoy rebates based on tonnage handled – up to 20 per cent of their rentals.
Along with other growth incentives for freighter airlines, CAG’s support package for the cargo industry will amount to S$18 million for the 2014/2015 financial year.