August 17, 2020, 07:24 PM
The Ministry of Transport (MOT) and the Civil Aviation Authority of Singapore (CAAS) announced today (August 17) that the government will allocate and additional S$187 million to the ailing aviation sector in Singapore.
According to a media release, the aviation sector has been "one of the hardest hit sectors by the Covid-19 pandemic".
The government will therefore extend the support measures in the Stabilisation and Support Package and the Enhanced Aviation Support Package from November 2020 to March 2021.
Preserving S'pore's relevance as a global hub
The S$187 million support extension will help to cover costs, such as landing rebates, parking rebates, and rent relief for airlines, ground handlers, cargo agents and other airport partners at Changi Airport and Seletar Airport.
The previous measures, introduced in March 2020, allocated S$350 million for these purposes.
Funding provided by the government will also help Singapore carriers to rebuild air connectivity, thus preserving the nation's relevance as a global hub.
Here are more details on the various measures that will provide cost relief for the aviation sector:
Airlines
- 10% landing charge rebate for all scheduled passenger flights landing in Singapore
- 50% rebate on rental paid for airlines’ lounges and offices within Changi Airport and Seletar Airport terminal buildings
- 100% rebate on aircraft parking charges at Changi Airport and Seletar Airport
Ground Handlers
- 50% rebate on rental paid for ground handling companies’ lounges and offices within Changi Airport and Seletar Airport terminal buildings
Cargo sector
- 10% landing charge rebate for all scheduled freighter flights landing in Singapore
- 20% rebate on rental paid by cargo agents tenanted in the Changi Airfreight Centre (CAC)
More details of the support will be shared with companies in the aviation sector.
Earlier today, Deputy Prime Minister Heng Swee Keat also announced the extension of the Jobs Support Scheme benefits to offset wages for those employed in the aerospace sector.
Firms will receive a 50 per cent of wages for their employees from Sept. 2020 until March 2021.
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Top image via Macau Photo Agency/Unsplash
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