(Changes sentence three to specify that the two-year period started in July).
Changi Airport Group is reducing the rebates that it gives to airlines now that there are signs the airline industry's economic situation is improving.
In December 2008 the airport announced that airlines in 2009 would have a 25% rebate on landing fees but today it has announced that the rebate for the first six months of 2010 will be 15% and in the second half it will be 10%.
The airport says for the two-year period starting in July, it will refrain from increasing aeronautical charges.
Its CEO Lee Seow Hiang says: "Even as the operating landscape improves, we are mindful that some airlines are still experiencing pressure on yields while the cargo logistics sectors continue to face difficulties."
He also says Changi Airport will continue to have incentive programmes to encourage parties such as airlines, ground handlers and freight forwarders to boost passenger and cargo traffic.
Source: Air Transport Intelligence news