Airports of Thailand (AOT) has again extended its rental relief measures as concessionaires and airlines continue to be affected by the COVID-19 pandemic. The AOT Board of Directors approved an extension of payment terms for concession charges, office and state property rents, and service charges for the concessionaires and airlines affected by the COVID-19 outbreak at all six airports under AOT’s supervision: Bangkok Suvarnabhumi, Bangkok Don Mueang International, Phuket International, Chiang Mai International, Hat Yai International and Mae Fah Luang-Chiang Rai International airports.
The relief measures include extending additional credit term of payment for concession charges as follows:
- For monthly instalments during February – July 2020, a six-month credit term of payment, thus totalling an 18-month credit term of payment, shall apply.
- For monthly instalments during August – December 2020, a six-month credit term of payment, thus totalling a 12-month credit term of payment, shall apply.
The measures also include extending additional credit term of payment term for office and state property rents, terminal and building service charges, landing and parking charges, and aircraft service charges as follows:
- For monthly instalments during April – July 2020, a six-month credit term of payment, thus totalling an 18-month credit term of payment, shall apply.
- For monthly instalments during August – December 2020, a six-month credit term of payment, thus totalling a 12-month credit term of payment, shall apply.
- However, for the concessionaires and airlines who wish to make a request for such extension of payment term under items 1 and 2, they shall submit a letter of request to AOT.
Back in September, AOT issued new measures that saw companies exempted from rent, building and concession charges if the airports are closed or they notify AOT that they are suspending their services, until 31 March 2022, or until they open for business again. Where concessionaires are still able to operate a 50 percent reduction in rents will be in place until 31 March 2022 and the linked service charges will be adapted to reflect the reduced rent. For airlines, those who cannot or choose not to operate will not be charged parking fees until 31 March 2022 or until they resume services. Those who are still operating will see a 50 percent reduction in landing charges and parking fees.
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