$50 million to strengthen Changi's position as air hub

CAG will offer airlines a 50 per cent rebate on landing fees for all non-stop long-haul passenger flights from Sept 2014 to March 31, 2016. -- PHOTO: ST FILE
CAG will offer airlines a 50 per cent rebate on landing fees for all non-stop long-haul passenger flights from Sept 2014 to March 31, 2016. -- PHOTO: ST FILE

SINGAPORE - The Changi Airport Group (CAG) will be offering landing fee rebates for long-haul flights and incentives for airlines to grow their transfer traffic here, in a bid to strengthen Singapore's position as an air hub.

The measures, which will amount to $50 million and stretch over the next 19 months, are part of the Growth and Assistance Incentive (Gain) programme that was announced earlier by the group in June.

CAG's senior vice president for market development, Mr Lim Ching Kiat, said on Wednesday: "The underlying fundamentals of the Asia Pacific aviation market remain strong and attractive.

"We are, however, aware that airlines could be facing yield and cost pressures in the present environment."

CAG will offer airlines a 50 per cent rebate on landing fees for all non-stop long-haul passenger flights from Sept 2014 to March 31, 2016.

And for every additional transit or transfer passenger that airlines bring to Changi Airport, they will receive $10. This 18-month scheme will take effect in October 2014.