CAAS lets aviation companies defer fee payments by a year

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

THE Civil Aviation Authority of Singapore (CAAS) announced on Thursday that Singapore carriers and the airport operator will be allowed to defer payment of certain fees by up to a year for fees due between April 1, 2020 and March 31, 2021. Read more at The Business Times.

THE Civil Aviation Authority of Singapore announced on Thursday that Singapore carriers and the airport operator will be allowed to defer payment of certain fees by up to a year for fees due between April 1, 2020 and March 31, 2021.

This will allow the aviation companies to defer about S$140 million worth of fees in total by up to one year, said CAAS in its statement. This applies to the fees for the Certificates of Airworthiness, which all Singapore carriers operating scheduled flights pay for their aircraft fleet, as well as fees for licences to provide air services on scheduled journeys under an air services agreement, said CAAS.

Other fees included in the deferment include fees that the airport operator pays for aerodrome certification and its licence to operate, as well as part of the fees for the provision of air-navigation services. This follows a Feb 18 announcement that CAAS will provide a 50-per-cent rebate on its regulatory fees for new and renewed Certificates of Airworthiness, which is estimated to save the Singapore carriers about S$6 million in total.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19 Budget: Income tax payments for companies, self-employed people delayed for 3 monthsSINGAPORE: Companies and self-employed people will get an automatic deferment of income tax payments for three months, announced Deputy Prime ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »