Airlines and other aviation players will receive a total of S$870 million in financial support this year, as Singapore continues assistance for the beleaguered industry, Channel News Asia reports.
In his budget speech on Tuesday, Deputy Prime Minister and Finance Minister Heng Swee Keat said the S$870 million will go towards extending aid for the sector.
Some of these measures include a 10 per cent landing charge rebate for all scheduled passenger flights landing in Singapore for airlines, and a 50 per cent rebate on rental paid for ground handling companies’ lounges and offices within Changi Airport and Seletar Airport terminal buildings.
Last year, a total of S$383 million was committed to the aviation sector. This includes the S$112 million Aviation Sector Assistance Package announced in February 2020, the S$187 million Enhanced Aviation Support Package announced in August, and a top-up sum of S$84 million announced last December.-Photo: CNA