AOT approves reduction in rates for concessionaires, airlines

The decision was made at a meeting of the AOT board on Wednesday (April 22).
According to its filing to the Stock Exchange of Thailand on Thursday, the move is aimed at mitigating impacts of the decline in flight and passenger numbers and customers for the concessionaires and airlines.
The measures include reduction of office and state property rents, terminal and building service charges and fixed monthly concession charges for concessionaires and airlines.
In case a concessionaire or airline submits a letter to temporarily suspend operations or AOT’s airports are temporarily closed, AOT will exempt the collection of office and state property rents, terminal and building service charges and fixed monthly concession charges for nine months, from April 1 to December 31 or until the date the concessionaires and airlines inform their resumption of operations, whichever comes first.
AOT will offer a 50 per cent reduction in office and state property rents to all tenants for nine months, from April 1 to December 31 for concessionaires and airlines who still operate at airports under AOT’s supervision.
It will collect terminal and building service charges at the rate of 15 per cent of office and state property rents which have been reduced by 50 per cent.
For airlines that request suspension of operations or in case airports under AOT’s supervision are temporarily closed, AOT will exempt parking charges for nine months, from April 1 to December 31, subject to approval by the Minister of Transport.
It will offer a 50 per cent reduction in landing charges and a 50 per cent reduction in parking charges for airlines that are still operating flights on all domestic and international routes for nine months, from April 1 to December 31.
Charter flights will be eligible for such assistance measures from May 1 onwards.
AOT will also adjust the rates of fixed concession charges and minimum guarantees for commercial activities operated at airports under AOT’s supervision after the end date of assistance
measures for the concessionaires following the AOT board resolution on February 19.

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Additional assistance measures for concessionaires and airlines affected by the Coronavirus disease 2019 (COVID-19) outbreak at airports under supervision of Airports of Thailand.