In a move that could benefit carriers offering flights between India and Singapore, the Changi Airport Group is set to reduce the operational charges for airlines from July 1, 2014, as per The Hindu Business Line report by Adith Charlie. A recent directive from the airport says that all airlines operating from Changi Airport are to get an ‘across-the-board reduction’ in operating charges.
From July 1 airlines have to pay 50 per cent less on aircraft parking fees, and 15 per cent less on aerobridge charges for the next 12 months. In addition, the airport operator would introduce a new package of incentives, which would reward airlines for growing transfer traffic at the Changi Airport. Currently, Jet Airways, Singapore Airlines, SilkAir, IndiGo, TigerAir and Air India offer direct flights between various Indian cities and Changi Airport. The move assumes significance given the current state of affairs in the Indian aviation sector.
Last year, the industry had witnessed combined losses of over Rs 7,600 crore, with some of the leading players ending in the red. With oil prices soaring again due to the Iraq crisis, airlines are looking at newer ways of reigning in the costs.