Rental holidays extended for airport concessionaires’

Published April 18, 2020, 12:00 AM

by manilabulletin_admin

By Emmie V. Abadilla

Because the government has extended the Luzon-wide lockdown, Department of Transportation (DOTr) Secretary Arthur Tugade this week directed airport authorities to extend rental holidays for airport concessionaires until the end of April and defer the collection of rental fees until the end of May, 2020.

DOTr Secretary Arthur Tugade (Photo by Ali Vicoy)
DOTr Secretary Arthur Tugade (Photo by Ali Vicoy)

The directive, which was immediately executory, aims to cushion the economic impact of the coronavirus disease 2019 (COVID-19) on the country’s aviation industry, and its stakeholders.

It covers all concessionaires renting or leasing spaces in the terminals of airports under the jurisdiction of the Civil Aviation Authority of the Philippines (CAAP), the Manila International Airport Authority (MIAA), the Mactan-Cebu International Airport Authority (MCIAA) and the Clark International Airport Corporation (CIAC).

“As our aviation and airports sector has been hardly-hit by this COVID-19 pandemic, following the decreasing number of passengers, and flights — this extension of rental holidays, and deferment of rental charges would ease the burden of paying fees for our airport concessionaires,” according to Secretary Tugade.

With the extension, airport concessionaires’ lease and rental payment for the entire month of May will be deferred and they shall begin paying their duties by June, 2020.