Changi Airport Group has rolled out a host of support measures amounting to S$14 million (US$9.96 million) to provide its cargo partners with financial relief as market conditions continue to be challenging.

A one-off special-assistance package will be offered to cargo agents leasing CAG facilities at Changi, and the incentive scheme rewarding agents based on cargo volume will also be extended to 2016/2017. According to CAG, agents with strong growth could enjoy cost relief equivalent to a rebate of up to 45% on their annual rental.

Additionally, the 30% landing-fee rebate for scheduled freighter flights will be extended for another year starting from April 1, 2016.

“The soft industry outlook is likely to continue in 2016, due to continued headwinds brought about by weaker economic conditions and slowing global trade,” said Lim Ching Kiat, senior vice president of market development at CAG. “In light of the trying business conditions, we are committed to support our cargo partners through these difficult times. Amid the challenges, we hope that CAG’s package of support measures for our cargo partners will serve as a source of optimism.”

Global air freight only grew 2.2% in 2015, according to the International Air Transport Association.