Airlines in Ghana get 3 months’ rent waiver at Kotoka International Airport
Ghana Airports Company Limited the countries airport management company has waived rent for all airline offices at the Kotoka International Airport.
This comes at a time when airlines have are facing the hardest situations financially because of Covid-19.
Ghana Airport Company Limited also waived various other charges like the landing, parking, and lighting for three months.
GACL has also waived rent and royalty payments from April-June for KIA and all regional airports.
As for other various airports, gift shops, restaurants, forex bureaus and others who have been severely impacted by the lack of or reduced activities, the GACL has waived rent for quarter-two.
This will surely erode the company’s aeronautical and non-aeronautical revenue, which is an important revenue stream, the GACL, according to sources, believes that supporting airlines in these difficult times is in itself an investment in its future income.
Covid – 19 has pushed the global aviation industry and many others to a comma, with major international airlines cutting thousands of jobs and asking governments for bailouts.
According to the International Air Transport Association (IATA) the pandemic could cost the industry about US$250bn this year.
They added that worldwide flights were 70 percent lower at the start of the second quarter of this year.