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Thu 23 Apr 2020 09:29 AM

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Dubai Airports waives minimum guarantees for partners, tenants amid Covid-19

Passenger operations at DXB and Dubai World Central were suspended on March 24, with the exception of repatriation flights

Dubai Airports waives minimum guarantees for partners, tenants amid Covid-19

Passenger operations at DXB and Dubai World Central were suspended on March 24, with the exception of repatriation flights.

Dubai Airports has unveiled an assistance programme for tenants, concessionaries and aviation partners amid the ongoing Covid-19 pandemic, it was announced.

In a statement, Dubai Airports said that the programme – which is applicable for the impacted period between March 1 and May 31 – includes waiving 100 percent of minimum guarantees or equivalent fees for partners who have been required to stop operating as a result of the pandemic.

For partners that have maintained partial operations, other measures have been put in place to address the reduction in aviation activity, including rescheduling and other financial adjustments.

“Flexibility is more important now than ever,” said Eugene Barry, the executive vice president of commercial at Dubai Airports.

“Of paramount importance is that we protect and retain our aviation and business partnerships, which have been carefully built over a number of years, and ensure that our revenue and service drivers will be in a position to remobilise, in line with approvals from federal authorities.”

Barry added that the futures of Dubai Airports and its partners are “intertwined” and “dependent on our ability to maintain core relationships, but also on adapting to unprecedented conditions and new behaviours.”

Passenger operations at DXB and Dubai World Central were suspended on March 24, with the exception of repatriation flights. The suspension remains in place until further notice.

Cargo operations have continued at DXB, with 12 airlines flying an average of 110 weekly flights.

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