Thursday, October 22, 2020

AOT extends relief to airlines, operators until 2022

Sep 25. 2020
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By The Nation

Airports of Thailand (AOT) is providing discounts and fee suspension until March 2022 to airlines and operators using its facilities, as it does see air travel business recovering until 2021.

AOT president Nitinai Sirismatthakarn said after a board meeting on Wednesday that AOT would provide relief to six airline operators by suspending rental space fee, building usage fee and monthly payments until March 31, 2022.

“A Covid-19 vaccine is not expected to be released and widely available before April-November 2021, which means the winter 2021 flight schedule (October 2021 to March 2022) will not return to normal operations. The flight schedule would usually be decided around April 2021, therefore, the aviation industry will not return to normal in time for the winter flight schedule, as a result AOT is considering helping the operators,” said Nitinai.

Operators and airlines who continue to use AOT facilities will receive a 50 per cent reduction in rental fee for all tenants until March 31, 2022, service fee collection for building usage will be slashed by 50 per cent, parking charges will be waived, 50 per cent discount on landing charges and parking charges for airlines that still operate will be at 50 per cent for all routes, domestic, international or charter flights, until March 21, 2022, effective from September 23, Nitinai said.

AOT assesses that such measures would reduce its revenue in fiscal year 2021 by an additional 0.143 per cent from previously forecast, down from the fiscal year 2020 by 42.21 per cent, Nitinai said.

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