CIAC extends rent for locators

Clark Freeport—Payment for lease rental of locators within the aviation complex have been extended on a case-to-case basis, Clark International Airport Corporation president Aaron Aquino said. 

“We’re going to extend lease agreements (of locators) on a case-to-case basis so hopefully this move will serve as springboards for them to recover from the sudden business disruption and income loss,” Aquino said.

In July, CIAC imposed a deferred collection of lease rentals and granted locators a 30-day grace period from the last due date of their rental payments.

Aquino noted that some locators of CIAC wish to extend lease agreements or are looking for a middle ground on rental issues or extension in the period of payments.

Aquino informed Transportation Secretary Arthur Tugade of CIAC locators’ plight as he recommended to the agency to craft a policy that will assist certain investors whose business were among hardest hit by the coronavirus pandemic.

Tugade positively responded and expressed support to Aquino’s recommendation, saying CIAC’s operational flexibility is an important step in helping investors cope with the impact of the COVID-19 pandemic.

“I understand and support your recommendation, Aaron. We need to extend help to locators, especially those who were impacted by the pandemic, in the context of what is right and proper, and what is consistent with existing government rules and regulations,” Tugade said.

The CIAC chief said the pandemic-fueled business uncertainty calls for operational flexibility as an investment strategy in dealing with locators without detriment to the government.

“Bayanihan also means helping (CIAC investors) so they may promptly recover and help the government in its landside business development projects that will readily create revenue sources,” Aquino said.

The Clark Civil Aviation Complex managed by CIAC is home to the privately-run Clark International Airport, as well as the mixed-use business district Clark Global City, and currently around 45 locators in cargo and aviation-related businesses.

Topics: Clark International Airport Corporation , Aaron Aquino , Arthur Tugade , Clark Civil Aviation Complex
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