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.
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Source: Airport Experience News
Date of Article: Apr 2, 2020