Up to March 31, 2017, measures worth almost 14m Singapore dollars including a landing fee refund/discount of 30% for the scheduled freighter’s operations as well as an incentive strategy rewarding agents upon the handled values will run. Under special assistance plan/package at the Changi Airfreight Centre, those who achieve better growth can get a relief equal to 45% rebate off their year-round rent.
Lim Ching Kiat, Senior VP of market development, Changi Airport Group, said that the soft outlook of the industry will mostly go on in 2016, because of the continued headwinds emerged out of slowing worldwide trade and weaker economy. He added that under trying conditions of business, they are dedicated in providing support to their cargo patterns during such difficult times.
The International Air Transport Association reports that there was 2.2% growth in airfreight in 2015 because of the global weakness as well as slowing economy of China. Changi Airport witnessed a 0.5% rise up to 1.8m tonnes. In the year 2015 freighter airlines were welcomed by the airport like Polar Air Cargo, AirBridgeCargo Airlines and My Indo Airlines. Pharmaceuticals in Changi rose 45% YOY, from a smaller base.