South Korea's Ministry of Land, Infrastructure and Transport (MOLIT) has extended its discount on airport usage fees for airlines and rental fees for airport outlet operators by a further six months until the end of June 2022, in partnership with Incheon International Airport Corporation and Korea Airports Corporation.
In a report posted by the Centre for Aviation (CAPA), it said MOLIT introduced the discounts in March 2020, with the aim of offsetting the impact of coronavirus on airline operations and revenue.
It added that MOLIT estimates the discounts will save South Korean airlines and airport commercial outlet operators KRW477.3 billion (US$4 billion) between January 1, 2022 to June 30, 2022 with this program.