BATANGAS - President Aquino expressed confidence that the Philippines will be taken out of its Category 2 status under the Federal Aviation Administration (FAA), with Representative Jun Abaya expected to take over the Department of Transportation and Communications.
"We are confident that we will be able to achieve regulatory approval to further expand our aviation sector especially since we have recently chosen a very competent public servant as our new Secretary of Transportation and Communications, Congressman Jun Abaya," Aquino said in his speech during the opening of B/E Aerospace Inc's Philippine facility at the First Philippine Industrial Park (FPIP) in Batangas.
"Under his leadership, I am sure that the Philippines will meet the international aviation standards required to pull us up from the FAA's Category 2 classification," he added.
Aquino cited two reasons behind this confidence: the quality of work that Filipinos are known for and his administration's efforts to level the playing field in business, cut red tape, "reduce opportunities for corruption," and provide "competitive incentives" for investors.
"We have done away with the culture of patronage in which the rules can change in the whims of a powerful few and have replaced it with the culture that rewards the old formula for success, hard work, perseverance, and innovation. Rest assured, it will remain this way. Our administration is committed as ever to honesty and transparency," he said.
In 2008, the FAA downgraded the Philippines to Category 2, which effectively prevents Philippine airlines from adding new routes to the US.
Aquino thanked B/E Aerospace for opening shop in the Philippines, an indication, he said, of increased investor confidence on the country.
B/E Aerospace is a foreign manufacturer of aircraft passenger cabin interior products.