In a statement, MAHB said it is putting in place a new Rental Model for 2021 where the rental rate is based on actual passenger volume considering that tenants are facing difficulties due to a decline in passenger traffic movements. (File pic shows Kota Kinabalu Airport)
KUALA LUMPUR: Malaysia Airports Holdings Bhd
(MAHB) is doing its best to offer an equitable solution that is within its affordability as it acknowledged the financial woes that retailers at the Kota Kinabalu International Airport (KKIA) are facing.
In a statement, MAHB said it is putting in place a new Rental Model for 2021 where the rental rate is based on actual passenger volume considering that tenants are facing difficulties due to a decline in passenger traffic movements.
Under this new rental model, retailers only have to pay rent proportionate to the passenger traffic rate, whereby if passenger traffic is at 10% of normal rate, the rental would also be charged at 10% of normal rental rate. — Bernama
