Denver International Airport Extends COVID-19 Relief for Concessionaires and Rental Car Companies

DENVER – May 19, 2020 – As we continue to work through the COVID-19 pandemic impacts, Denver International Airport (DEN) today announced the extension of relief efforts for concessionaires including all shops, restaurants and services, as well as rental car companies. These extensions also include certain safeguards for employees that are laid off when their jobs re-open in the future.

“DEN is committed to providing continued support where we can to our business partners as this is an extremely difficult time for everyone, but especially for our minority, women-owned and small businesses,” said DEN CEO Kim Day. “We want our concessionaires to be profitable and to be able to continue to operate at DEN. We hope that these measures will help them to stabilize financially.”

In March, DEN implemented proactive measures that temporarily suspended the minimum annual guarantee (MAG) owed to DEN by concessionaires and rental car companies and established lower monthly rent payments for a three-month period based on a percentage of sales as outlined in their leases. That relief, along with the following additional measures, is now extended through the end of 2020:

• Any concessionaire including rental car companies that decides to permanently close can do so without penalty
• Required contributions to the terminal and concourse concessionaires’ Joint Marketing Fund will be suspended through the end of 2020
• Midterm refurbishments of terminal and concourse concessions that would have been required in 2020 are suspended

In return, as businesses start to rehire, all concessionaires, including rental car companies, shall offer a right of first refusal to their former employees for any positions for which they are qualified.

In addition to providing relief measures to our concessionaires, DEN, in collaboration with the Airport Minority Advisory Council (AMAC), has created a COVID-19 assistance program for Airport Concession Disadvantaged Business Enterprises (ACDBEs).

The program was created to assist ACDBE businesses with their financial recovery during this challenging time. ACDBEs will be assisted with the complexities of the Paycheck Protection Program (PPP), the Economic Injury Disaster Loan (EIDL) and other supplementary funding sources.

ACDBEs looking for assistance should contact the DEN Commerce Hub at [email protected].

Denver International Airport is one of the busiest airports in the world. DEN is the primary economic engine for the state of Colorado, generating more than $36 billion for the region annually. For more information visit www.FlyDenver.com, check us out on YouTube and Instagram, like us on Facebook and follow us on Twitter. Sign up for DEN’s monthly newsletter Nonstop News.

###