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HONG KONG Airport Authority's decision to further extend its 10 per cent discount on landing and parking fees for three months beginning January 1 was welcomed by home-based carriers Cathay Pacific and Dragonair.
"While it is too early to say that the industry has recovered from the downturn, this decision will definitely lend support to all operators at a time when they face unfavourable factors such as continuing low yields and rising fuel prices," said Dragonair CEO James Tong.
Cathay Pacific chief executive Tony Tyler agreed that the move helps to maintain the competitiveness of the Hong Kong hub while discounts are offered to airlines by many other airports in the region, and at a time when prospects for recovery in the aviation industry is far from certain.
"From a Cathay Pacific perspective, the news is a boost to our plans to restore some services we had to suspend earlier this year, and to the prospects of adding new destinations," he said.
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