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Changi retailers win further relief as uncertainty persistsChangi retailers win further relief as uncertainty persists
3-Dec-2002
SINGAPORE. The Civil Aviation Authority of Singapore (CAAS) has extended its 15% rent discount to its Changi airport tenants for a further three years. The relief was initially introduced on July 1 for six months to help tenants overcome the effects of a downturn in traffic that has hit the airport since September 11. In addition, the government has launched a review of Changi?s competitive strategy against what transport minister Yeo Cheow Tong called ?a backdrop of continued uncertainty in the global aviation industry and intensifying airport competition?.
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By Anna Fenton
SINGAPORE. The Civil Aviation Authority of Singapore (CAAS) has extended its 15% rent discount to its Changi airport tenants for a further three years. The relief was
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(26-Nov-2002) - The Civil Aviation Authority of Singapore (CAAS) has announced it will be setting aside S$210m ($119m) over the next three years to help its partners tide over the uncertainty in the aviation industry and to further strengthen Singapore's position as an aviation hub in the region
(2-Oct-2003) - SINGAPORE. Tenants at Singapore Changi airport will save almost S$6m ($3.4m) as a result of savings passed on by the Civil Aviation Authority of Singapore.
(18-Apr-2003) - Airport authority Civil Aviation Authority of Singapore (CAAS) has announced a series of relief measures to help airlines and retailers at Changi and Seletar airports
(23-Sep-2003) - The Civil Aviation Authority of Singapore is to provide an extra $6m relief for Changi airport concessionaires by reducing electricity rates by more than 20%
(1-Nov-2001) - SINGAPORE. The Civil Aviation Authority of Singapore released tender documents for the long-awaited fragrances and cosmetics concession in Changi terminal one on November 30. The tender had been postponed because of the uncertainty after September 11, but the CAAS eventually decided that traffic and spend had stabilised enough to proceed. Weitnauer currently operates the contract.
