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Airports Told To Consider Tenants’ Changed Circumstances In New FAA Guidance

Airports Told To Consider Tenants’ Changed Circumstances In New FAA Guidance

The Federal Aviation Administration on Saturday issued updated guidance that urges airports to consider the “changed circumstances created by the public health emergency,” among other factors, when making a decision to renegotiate rent terms with tenants. The new guidance relates to the recently passed CARES Act, under which Congress awarded…

Concessionaires Seek Rent Relief As CARES Act Money Flows

Concessionaires Seek Rent Relief As CARES Act Money Flows

Airport concessionaires are hoping to see part of the $10 billion awarded to airports through the CARES Act flow to them in the form of rent waivers and other assistance in the midst of the COVID-19 pandemic. In a panel convened by conference call yesterday, hosted by the Airport Restaurant…