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Airport tenants pay up

Repeka Nasiko
Saturday, April 21, 2012

THE implementation of the Airports (Development and Modernisation) Decree 2012 will ensure all tenants or concessionaires at Nadi International Airport pay rent at market rates.

Attorney-General and Minster for Civil Aviation Aiyaz Sayed-Khaiyum made the comment following a meeting with Airports Fiji Limited managers and airport tenants in Nadi on Thursday.

Mr Sayed-Khaiyum said there was history of people profiting from their tenancies at the airport.

"As you know, there is a particular history behind this decree. There were some people who were benefiting as tenants or concessionaires because they were not paying market rates.

"The idea is everybody pays market rates because when we pay market rates then we'll be able to have a modern day airport."

He said tenants could now invest in the airport.

"Nadi airport has been the only airport that makes money over the years. All the other airports actually lose money.

"So it is important that Nadi airport is converted also into a modern day facility with a range of choices of facilities available."

Of the meeting with tenants at the airport, Mr Sayed-Khaiyum said the briefing was held to explain the impact of the decree.

He said many of the tenants were happy that they could secure long-term tenancies compared to the month-to-month arrangements.

"Because with the month-to-month tenancies, for example, people don't invest in that actual space that they have, but if they have a three or five-year contract, then they'll be able to invest in it knowing they will be there for that period of time," he explained.





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