HK’s airport authority to subsidise airline discounts on cargo charges

12-Dec-2019 Intellasia | Reuters | 6:02 AM Print This Post

Hong Kong’s airport authority said on Wednesday it would help subsidise airline plans to discount charges paid by freight forwarders on air cargo as it seeks to bolster the world’s biggest air freight airport by volume.

With passenger demand to the airport plunging by 13 percent in October after months of sometimes violent protests in the city, and the cargo market weak globally all year, airlines have been seeking concessions from the government.

Cathay Pacific Airways Ltd said it would cut terminal charges on general cargo and special cargo by HK$0.3 ($0.0383) per kilogram, a discount of 18 percent to 20 percent from current levels, from April 1.

Airport Authority Hong Kong (AAHK) said it would contribute 20 percent of the concession amount, with Cathay the first carrier to approach it about the scheme.

The airport authority said the concession would also help offset the cost impact of a gradual increase in air cargo screening requirements starting early next year, ahead of the implementation of new global security regulations.

AAHK said it would review the concession scheme in a year. ($1 = 7.8249 Hong Kong dollars)

https://sg.news.yahoo.com/hong-kongs-airport-authority-subsidise-074717055.html

 


Category: Hong Kong

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