Responding to Financial Crisis, Macau Airport Transfers Profits to Airlines

CAM-Macau International Airport Company Limited has been working with airport entities, service providers, and airlines to soften the blow of the financial crisis on the airline industry.
Due to the financial crisis, aviation and air transport worldwide are experiencing significant declines in traffic demand. Some specific regional situations -- namely, direct daily flights cross-strait -- make this traffic decline even more significant for Macau International Airport (MIA). CAM-Macau International Airport Company Limited has recently obtained Government approval for a set of relief and incentive measures to be applied immediately, to assist the airlines in their in their response to the crisis within their respective markets. From January 2009 to March 2009, CAM will offer a reduction of MOP2000 per landing performed. The airlines will continue to benefit from existing incentives for new routes at MIA, and they will also have a new, much higher incentive in the increase of passengers in all other routes. The new incentive plan essentially remunerates airlines 50% of the airport tax on the basis of year-on-year increasing passenger volume.