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Four airport directors outlined how they see the industry evolving during a panel discussion convened by conference call yesterday.
Hosted by the Airports Restaurant & Retail Association (ARRA) and the Airport Minority Advisory Council (AMAC), the call offered industry executives a glimpse into how some airport leaders see the industry evolving from what everyone hopes is a low point in passenger traffic due to the COVID-19 outbreak. READ THE FULL ARTICLE HERE Source: Airport Experience News Date of Article: Apr 23, 2020 US airport concessionaires in battle for survival as they urge government and airport partners to offer relief.
USA. “Some companies could fall off the edge within a month. It’s hard to say for each one but a large number of them are at risk right now. If they don’t get relief within weeks, we could lose them.” That’s the stark, acute reality for US airport concessionaires today amid the COVID-19 crisis, according to Airport Restaurant & Retail Association (ARRA) Executive Director Rob Wigington. As reported, ARRA and its counterpart organisation the Airport Minority Advisory Council (AMAC) have jointly urged US airports and Congress to ensure financial relief measures for their members, airport restaurateurs and retailers. READ THE FULL ARTICLE HERE Source: The Moodie Davitt Report Date of Article: Apr 8, 2020 This document answers frequently asked questions (FAQs) stakeholders may have related to the approximately $10 billion in grants for airports under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
The FAA has additional information unrelated to CARES Act grants for airport sponsors considering COVID-19 restrictions or accommodations. That information can be accessed at www.faa.gov/airports. READ THE FULL PDF HERE Source: FAA Date of Article: May 29, 2020 PURPOSE This document addresses common issues that have arisen or may arise for airport sponsors during the response to the COVID-19 public health emergency. The Federal Aviation Administration (FAA) Office of Airports will evaluate specific requests regarding restrictions or accommodations on a caseby-case basis. The FAA retains maximum flexibility to consider unique circumstances during this public health emergency. The FAA separately has published frequently asked questions (FAQs) related to the approximately $10 billion in grants for airports under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. READ THE FULL PDF HERE Source: FAA Date of Article: May 29, 2020 Editor’s Note: One month ago, the Airport Restaurant & Retail Association (ARRA) tapped Rob Wigington to be its first executive director. At that time, COVID-19 was a vague but growing threat, one that few, if any, thought would morph into the destructive force that it is.
Wigington had intended to focus on a variety of issues facing airport concessionaires in his first months with the organization. Instead, his efforts have zeroed in on the pandemic and its decimation of the airport concessions business. And as the crisis deepens, more and more concessionaires are turning to ARRA for solutions. From fewer than 25 members at its launch in mid-January, now ARRA’s membership has grown to 35 members. AXN’s Carol Ward spoke with Wigington about the current state of play, and how he’ll focus his efforts in the near-term future. READ THE FULL ARTICLE HERE Source: Airport Experience News Date of Article: Apr 3, 2020 Airport concessionaires are hoping to see part of the $10 billion awarded to airports through the CARES Act flow to them in the form of rent waivers and other assistance in the midst of the COVID-19 pandemic.
In a panel convened by conference call yesterday, hosted by the Airport Restaurant and Retail Association (ARRA) and the Airport Minority Advisory Council (AMAC), industry experts said more in-depth Federal Aviation Administration guidelines are expected later this week, but that the CARES Act language suggests that airports can use the money for any lawful purpose. READ THE FULL ARTICLE HERE Source: Airport Experience News Date of Article: Apr 2, 2020 1. Please clarify the desired and realistic timetable for relief from both airports and Congress...realizing that airports are more capable to provide more timely relief/concessions.
ARRA and AMAC have requested from U.S. airports immediate relief in the form of a 12-month rent waiver. We also requested from Congress $2.5 billion in funds to support rent abatement that we had hoped would come in the CARES Act which was approved by Congress on March 27, 2020. While direct financial relief for airport concessions operators did not make it into this bill, it is expected that there will be a follow-up stimulus package and we are again lobbying for concessions rent financial relief, as well as zero and low interest loans and loan guarantees ($3 billion) , and recovery relief funds ($3 billion) to support concessionaires’ debt payments, capital investment obligations, and operations. We expect Congress will try to move quickly to pass more relieve/stimulus bills, but it may be 3 to 4 weeks or longer before we will know the outcome of these efforts. READ THE FULL PDF HERE Source: AMAC Date of Article: March 25, 2020 |
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