AS air traffic falls, more than$60 million has been set aside to give retailers at Changi Airport a much needed lift. The Civil Aviation Authority of Singapore (CAAS) will provide a rental relief package - $43 million in rebates and $20 million for a newly set up "Promotions Development Fund" - for retail, F&B and services concessionaires to help them remain viable, Senior Minister of State...
Civil Aviation Authority of Singapore (CAAS)
The Civil Aviation Authority of Singapore (CAAS) will extend S$70 million to help airport partners tide over the economic downturn. This is over and above the S$130 million Air Hub Development Fund announced earlier. The CAAS had, in December last year, announced an extension on this fund till end-2009. The money will go towards rental rebates and a Promotions Development Fund for retail, food and...