Airport Authority Hong Kong will reinforce the hub’s competitive advantage by contributing 20% of the Terminal Charge concession offered by airlines to freight forwarders.
The Terminal Charge Concession Scheme at Hong Kong International Airport will come into effect on 1 April 2020.
The concession offered by an airline to freight forwarders for export cargo is subject to agreement between the airport authority and individual airline.
The agreement will benefit shippers according to their commercial agreements with freight forwarders.
Cissy Chan, executive director commercial of Airport Authority Hong Kong says: “Over the years, the AA has been working closely with airlines and business partners to enhance air cargo facilities and services, making HKIA the leading global air cargo hub. The new initiative will help maintain the cost efficiency of the industry and strengthen our cargo volume growth, ultimately reinforcing HKIA’s competitiveness.”
The concession also mitigates the cost impact from the increase in air cargo screening requirement starting next year for the implementation of the International Civil Aviation Organization’s security regulations.
Cathay Pacific is the first airline group to support the concession, with customers enjoying a saving of HK$0.3 per kilo for both general cargo and special cargo.
Ronald Lam, chief customer and commercial officer of Cathay Pacific says: “We are driving the Terminal Charge concession to reinforce the competitiveness of Hong Kong International Airport. Cathay Pacific has been Hong Kong’s home airline for more than seven decades and we are immensely proud of the efforts and achievements we’ve made in helping it become the largest and most efficient multi-modal integrated logistics and aviation hub in Asia and the world.”
