JAPAN TO WAIVE UP TO US$120 MILLION IN LANDING FEES TO PROP UP AIRLINES
Japan’s government will waive airport landing fees worth up to 12.5 billion yen (US$120 million) to ease the financial burden on airline operators, two sources familiar with the matter said, as they reel from a drop in traffic due to the COVID-19 pandemic.
The government will waive about 50 per cent of landing fees from August through next March, said the sources, who declined to be identified because the information is not public.
The source said tghe measure will apply to 14 government-operated airports.
The transport ministry could not immediately be reached for comment.
The relief is the latest step to prop up Japanese carriers and comes as banks including the state-backed Development Bank of Japan have provided ANA Holdings US$3.8 billion in subordinated loans to help it weather the pandemic.
While Japanese airlines have seen some rebound in domestic flight demand, helped by a government travel campaign, bookings remain below last year’s levels.