Dallas Fort Worth Airport Board Ratifies Suspension of MAG Payments
The board of Dallas Fort Worth International Airport last night ratified a crucial plan to move commercial partners from Minimum Annual Guarantee-based (MAG) fee models to a rent structure based on a percentage of sales. The scheme, which offers relief for hard-pressed retailers and F&B operators, is backdated to 1 March and will run until 30 September. We first reported on the proposal last month.
Documents from the board meeting stated that the move would reduce revenues to the airport by between US$45 million and US$55 million in the period.