With international travel down, car rental firms given break
Written by Gabriela Henriquez Stoikow on January 25, 2022
The county is negotiating with 15 car rental companies at Miami International Airport and commissioners just approved a six-year lease extension for financial relief due to the impact of Covid-19. Commissioner Keon Hardemon brought the proposal to a discussion last week, as the companies were negotiating under a five-year lease term.
“As I understand, about 40% of the revenue that comes in through the rental car companies is coming from international passengers,” Mr. Hardemon said. A December discussion resulted in a mandate that if the majority of the business came from international customers, airport tenants could get six-year relief term.
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