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Wednesday, December 18, 2024

Consortium investing P6b to maintain Clark airport

North Luzon Airport Consortium said it is investing P6 billion for the operations and maintenance of the Clark International Airport.

NLAC, a consortium comprising of Filinvest Development Corp., JG Summit Holdings Inc., Philippine Airport Ground Support Solutions Inc. and Changi Airport Philippines (I) Pte. Ltd., a wholly owned unit of Changi Airports International, secured a 25-year contract from the government to operate and maintain the Clark airport.

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“We are honored to be given the opportunity to participate in the development of Clark International Airport. We believe in the potential of the Philippines and the Luzon region. Together with our partners and with the support of key stakeholders, we will develop Clark as the region’s premier gateway,” said Lim Liang Song, chief executive, Changi Airports International.

“Building on the airport’s geographical position and catchment, we will grow the airport’s network and provide passengers with a superior airport experience including a brand new commercial area. In addition to global brands, the new airport terminal will also have a curated selection of retail and food and beverage outlets that showcases the best of what The Philippines has to offer,” he added.

NLAC is set to promote Clark International as the Northern and Central Luzon Gateway Airport through actively engaging strategic partners, like tourism authorities and airlines, to expand traffic and build a wider route network, and establish connectivity to Clark with more domestic and international points.

“With the new Clark International Airport, travelers and visitors can expect to be greeted with fast, efficient and hassle-free service. We believe that the ease in travel in a world-class airport will help boost the region’s tourism industry and related businesses,” said Filinvest president chief executive officer Josephine Gotianun-Yap. Filinvest is the lead consortium member.

“It is NLAC’s vision to redefine the air travel experience at Clark International Airport. The airport will be the Northern and Central Luzon’s gateway, connecting the region to the rest of the Philippines and the world,” she added.

Lance Gokongwei, president and chief executive of JG Summit, said

the consortium was upbeat about the prospects of Clark International Airport.

“With our Group’s experience in airline operations, property development and our various consumer-oriented businesses, we will provide the best service and value proposition to both passengers and airlines to make Clark International their airport of choice,” Gokongwei said.

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