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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SilkAir Part 2: Laos launch extends SIA Group ASEAN network to 42 destinations and all 10 countries
The Singapore Airlines (SIA) Group will in Oct-2016 become the second airline group after AirAsia to serve all 10 ASEAN countries. Laos is the last piece of the puzzle and will be served by SIA full service regional subsidiary SilkAir with a new thrice weekly Singapore-Vientiane-Luang Prabang-Singapore circle routing.
Following the launch of Luang Prabang and Vientiane, SilkAir will have 32 Southeast Asian destinations and the SIA Group will have 42. Connecting secondary markets in the fast growing Southeast Asian region is critical for SIA as it tries to unlock a new era of growth and differentiate itself from competitors.
This is Part 2 in a two part series of reports. The first part focused on expected growth in the Lao international market and how SilkAir is trying to benefit. This part will focus on how the launch of services to Laos is an important step in the SIA Group network strategy.
SilkAir Part 1: Luang Prabang, Vientiane launch positions SIA to benefit from growth in Laos tourism
Singapore Airlines' full service regional subsidiary SilkAir has confirmed plans to launch Luang Prabang and Vientiane in Laos in late Oct-2016. SIA will become only the eighth foreign airline group to serve Laos, which has a small but fast-growing international market.
SilkAir’s new Singapore-Vientiane-Luang Prabang-Singapore circular route is strategically important for the SIA Group as Laos is the only Southeast Asian and ASEAN country not yet served by the group. AirAsia is now the only airline group serving all the 10 countries that make up ASEAN.
Enhancing regional connectivity is an important component of the new SIA Group strategy as it aims to differentiate itself from competitors and grow, despite intensifying competition. The group’s Southeast Asian network will exceed 40 destinations by the end of 2016. In 2016 SIA is also expanding its network in China and India, two other strategically important markets, to 23 and 15 destinations respectively.