Singapore's Changi Airport Group (CAG) announced (25-Mar-2013) plans to implement a 50% landing fee rebate for all scheduled freighter services at Singapore Changi Airport, effective 01-Apr-2013 to 31-Dec-2013. The rebate will be adjusted to 30% in 1Q2014. Cargo tenants leasing CAG facilities at the Changi Airfreight Centre will continue to receive rebates of up to 20% of their rentals based on cargo tonnage handled. CAG's overall support package for the cargo industry will total more than SGD17 million (USD13.7 million) over the next 12 months. The package is designed to support the airport's air cargo partners under its airport growth initiative and counter reduced demand for airfreight and high fuel prices. CAG also said it would work to stimulate growth in sectors such as pharmaceuticals and perishables and to increase traffic to emerging markets, including Africa and Southeast Asia. CAG CEO Lee Seow Hiang said, "Our partners in the cargo sector continue to face strong headwinds from the global economic weakness. We hope, with this support package, to alleviate their situation. We will monitor the market environment closely and work with our partners to ride through the challenging period and at the same time try to find growth opportunities in targeted cargo segments for Changi Airport." [more - original PR]
Changi Airport Group outlines support package for cargo operators
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Both airline groups are now considering further capacity increases as well as new routes. Lufthansa is looking at using its new A350 fleet to resume Singapore-Munich, which would supplement its daily Singapore-Frankfurt A380 service and give the group 21 weekly frequencies and nearly 8,000 weekly one-way seats under the JV compared to 31 frequencies and nearly 10,000 weekly seats for SIA.
Lufthansa Group-Singapore Airlines JV Part 1: Lufthansa's Australia presence strengthened
Lufthansa Group’s new joint venture with Singapore Airlines (SIA) will significantly improve Lufthansa’s position in the key offline markets of Australia, Indonesia and Malaysia. Lufthansa anticipates it will be able to implement the new JV in early 2017, to cover four markets in Asia Pacific along with four markets in Western Europe.
The JV should improve Lufthansa’s ability to compete against Gulf carriers. It should also help support additional nonstop capacity from Singapore to Germany and Switzerland.
This is Part 1 in a series of analysis reports on the Lufthansa-SIA JV. This part will focus on Australia, which is Lufthansa’s largest offline market in Asia Pacific. Subsequent parts will examine in more detail the Singapore market along with Indonesia and Malaysia, which are Lufthansa’s two largest offline markets in Southeast Asia.