NAIA tenants get rent relief until end-2021

Tenants at the Ninoy Aquino International Airport (NAIA) got a reprieve from airport authorities, as their rental payments have been waived until the end of the year.

On Friday, August 27, the Department of Transportation (DOTr) and Manila International Airport Authority (MIAA) Board approved the waiving of rental payments of all NAIA concessionaires from July 1 until the end of December 2021.

Airport officials earlier waived rental payments from January to June.

"Lahat ng rental payments ng mga concessionaires sa food, retail at lounge sa NAIA ay waived na," said DOTr Assistant Secretary Goddess Hope Libiran.

(All rental payments of concessionaires in food, retail and lounge in NAIA are waived)

Airlines and concessionaires earlier asked government for a lifeline once again, as Metro Manila reverted into lockdown due to a surge of COVID-19 cases.

Philippine Airlines and Cebu Pacific earlier reported more losses in the first half of 2021. – Rappler.com

Ralf Rivas

A sociologist by heart, a journalist by profession. Ralf is Rappler's business reporter, covering macroeconomy, government finance, companies, and agriculture.

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