Elf Emirates Rick Cotton Date 25f03f2020 Executive Director The Port Authority of New York and New Jersey Corporate Df?ces a World Trade Center 150 Greenwich Street New York, NY 1001]? Speakersgii PAN?r?ngov Dear Hick Assistance Package In Response to comp-19 The Global Pandemic associated with is unprecedented in modern history and its impact will have far reaching effects across many industries. As you are aware the aviation industry is likewise impacted with large numbers of aircraft already grounded and potentially the very future of many companies will be challenged. Given that Emirates is the largest international airline we are extremely vulnerable to the repercussions of this outbreak with a cumulative loss of over i'??is of our total passenger loads and corresponding revenues. To date. forward bookings have decreased very signi?cantly in many regional markets and passenger loads have just about disappeared, air services have been cancelled, resulting in both aircraft and crews being surplus to our requiremenIs. The importance of the aviation industry EL Emirates in particular is evident from its maior contribution to every country? 5 economy. Global Air transport is still forecasted to grow in the next 20 years. if this Global demand and prediction is met, this increased demand would support approximately trillion or ass; of GDP and around 65.5 Million jobs around the world. I am therefore writing to appeal to The Port Authority of New York and New Jersey to consider the introduction of a dedicated assistance package that effectively helps airlines such as Emirates to deal with predicament now and during the subsequent recovery process. Such an assistance package could be offered in the various forms as recommended below. Financial Relief on Airport and Air Traf?c Control Charges and Taxes: The following ?nancial relief measures on airport and ATC charges andfaxes are recommended to alleviate the burden on us. It The immediate reduction in aeronautical charges and taxes for airlines to help mitigate the decline in traf?c it Deferral of any planned increases in aeronautical charges and taxes for the remainder of ZDED El ZDZ 1 Deferred payment plans without surcharge I penalties and roll back of all taxes Review I scrutinisation of all AHSP and Airport capital investments Setting up of appropriate Funds to assist Eli in restarting I maintaining routes Reduced or zero return of capital for states Removal of automatic inflationary increases Joint focus on cost-reduction initiatives and operational improvement measures Page1of2 Emirates urges The Port Authority of New ?fork and New Jersey to work with us to develop such an assistance package. We acknowledge that your own revenue figures will likely be under pressure due to the regional traffic downturn, however we feel that in these extraordinary circumstances every part of the aviation value chain mu st play their part to ensure the future of the air transport industry. While still painful, without airlines ready to support the recovery, the very future of our industry will be challenged. Emirates is asking for an aligned approach across all government institutions to support us at this challenging time. We are not requesting direct subsidies, instead we are asking for temporary reductions in the levies and prices that government agencies, departments and $1355 charge to aidines. We will also be requesting this from the regulated airports in USA. These measures will help airlines such as Emirates to maintain services to USA, and assist a rapid recovery once the covid-lQ crisis ends. We at Emirates? look forward to The Port Authority of New York and New Jersey? favourable consideration of the introduction of assistance package. If you have any questions, concerns or ideas on how we can further assist, please do not hesitate to contact Chris Lawrence at clawrence?remiratescom . 1fours Sincerely, Sent on behalf of Geoff Hounsell Vice President. Flight Dperatiens Support