CAAS had already extended a $130 million Air Hub Development Fund (AHDF).�

It is now providing an additional $70 million relief package consisting of rental rebates, and a newly set up 'Promotions Development Fund' for retail, food and beverage, and services concessionaires at Changi Airport.�

In all, CAAS will extend a total of S$50 million in rental rebates.�This includes an estimated $20 million property tax rebate given by the Government under Budget 2009.�

These relief measures are effective from January to December. CAAS will be notifying eligible concessionaires on the relief package that they will receive.

'We understand the increasingly tough business environment that our airport partners are currently going through,' said�Mr Lim Kim Choon, CAAS Director-General and Chief Executive Officer.

'The global financial crisis has had an adverse impact on all our airport partners including concessionaires, with declining sales due to decreasing travel demand.�The relief package that we are providing will help to alleviate their financial burden in this difficult economic climate.'