Companies operating at Hong Kong International Airport (HKIA) have been given a two-month extension with tenants now benefiting from rent relief until the end of October.
With the ongoing global pandemic still impacting international travel, Airport Authority Hong Kong (AAHK) have waived rental payments for any of the shops and F&B outlets at the terminal that have had to suspend trading. The move comes as part of AAHK’s continued effort to support retail and commercial tenants at Hong Kong International Airport.
The airport authority has secured bank loans worth HK$35billion as part of these plans. The relief measures include rent reductions for terminal tenants covering lounges and offices and fee waivers for terminal licensees such as those providing ancillary passenger services, commercial counters and cross-border transport operations.
