The reduced fees will apply from 1 February to 30 April 2020 for qualified airlines to alleviate pressure caused by Covid-19. <\/p>\n\n\n\n\n\n\n\n
Macau.- Macau International Airport Company Limited (CAM)<\/em><\/strong> has announced that it will reduce landing and taking-off fees for three-months to alleviate pressure on airlines during the Coronavirus outbreak.<\/p>\n\n\n\n According to Inside Asian Gaming<\/em>, the reduced fees, largely back-dated, will apply from 1 February to 30 April 2020 for qualified airlines, with the relief amount applied totalling MOP$19million (US$2.4million).<\/p>\n\n\n\n \u201cThe aim is to encourage the airlines to continue providing air transportation services and to express our support for the resumption of flights in the future,\u201d CAM said in a statement.<\/p>\n\n\n\n The company recently revealed it was expecting less than 10 flight movements per day \u2013 fewer than 300 throughout the month \u2013 in April, having seen daily movements drop to below 35 per day or 1,050 total for the month of March.<\/p>\n\n\n\n Last week, Lei Wai Nong, Macau’s Secretary for Economy and Finance, revealed measures that includes a US$1.3billion fund to give eligible taxpayers a monthly grant of $600 for a period of three months.<\/p>\n\n\n\n The grant will only be made available to Macau residents, with migrant workers specifically excluded from receiving the support.<\/p>\n\n\n\n Macau companies and self-employed individuals will be entitled to a grant ranging from $1,900 to $25,000, depending on the number of employees hired.<\/p>\n","protected":false},"excerpt":{"rendered":" The reduced fees will apply from 1 February to 30 April 2020 for qualified airlines to alleviate pressure caused by Covid-19.<\/p>\n","protected":false},"author":2,"featured_media":3879,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau International Airport Company Limited (CAM) implemented a three-month reduction in landing and take-off fees for qualified airlines, totaling MOP$19 million (US$2.4 million), from February 1 to April 30, 2020, to mitigate the economic impact of Covid-19. Concurrently, the Macau government introduced a US$1.3 billion relief fund, providing grants to residents and local companies, excluding migrant workers, to bolster the local economy amidst significant declines in air traffic.","focusai_entities":"Macau International Airport Company Limited (CAM), Inside Asian Gaming, Lei Wai Nong","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Air Traffic Impact","query":"What is the projected timeline for Macau's air traffic recovery, and how does this correlate with the anticipated GGR rebound for integrated resorts in the region?"},{"label":"Fiscal Stimulus Comparison","query":"How do Macau's fiscal relief measures, particularly for businesses and residents, compare in scope and efficacy to those implemented in other major global gaming jurisdictions during the initial phase of the pandemic?"}],"footnotes":""},"categories":[160,161,16338,154,167],"tags":[7299,257],"class_list":["post-5493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-daily-news","category-east-asia-news","category-legislation-news","category-news-region","tag-coronavirus","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5493"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5493\/revisions"}],"predecessor-version":[{"id":777017676,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5493\/revisions\/777017676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3879"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}