30-Jul-2020 6:16 PM

GAP freezes carriers' debt for 12 months 'so they are able to continue generating cash'

Grupo Aeroportuario del Pacifico (GAP), via its official LinkedIn account, announced (29-Jul-2020) it launched an incentive programme aimed at helping airline partners facing decreased passenger demand due to COVID-19. GAP opened the option for all airlines to negotiate their debt before COVID-19, as well as during the pandemic. GAP stated: "We signed agreements with some carriers to freeze their debt with GAP 12 months ahead so they are able to continue generating cash and operating without that issue in their foresight".

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More