7.—(1) A hangar fee at the rate specified in Part I of the Second Schedule shall be paid to the airport licensee for the housing of an aircraft in a hangar at the aerodrome for each period of 24 hours or part thereof.
[S 297/2009 wef 01/07/2009]
(2) The area occupied by an aircraft for the purpose of calculating the hangar fee shall be the product of the span of the aircraft, as housed, and its maximum length.
(3) The airport licensee may in its discretion permit an aircraft to be housed in a hangar at the aerodrome on a monthly basis at a fee, payable in advance, which shall be 26 times the hangar fee payable for the housing of the aircraft in a hangar for a period of 24 hours.