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White Paper: Airport Concession Agreements
language
English
format
Digital - PDF
Free
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Description
The recent COVID-19 pandemic has highlighted the need for an alternative outlook on the way that commercial contracts between airports and concessionaires are structured to reflect the current and future uncertainty around passenger profiles and passenger traffic volumes. This is especially true for leases incorporating a Minimum Annual Guarantee (MAG) mechanism or fixed rent clauses. This White Paper provides and overview of the pros and cons of fixed and variable MAGs respectively.
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