7 top firms team up to rehabilitate NAIA


Posted at Dec 21 2017 02:06 PM | Updated as of Dec 21 2017 02:44 PM

MANILA - Seven of the country's biggest conglomerates have teamed up to submit to government an unsolicited proposal to rehabilitate, operate and maintain the Ninoy Aquino International Airport, one of the proponents said Thursday.

Gokongwei-led JG Summit announced the formation of the consortium, which also includes Aboitiz InfraCapital, AC Infrastructure Holdings, Alliance Global, Filinvest Development Corp, Asia’s Emerging Dragon Corp and Metro Pacific Investments Corp.

With the upgrade, the consortium believes that NAIA can accommodate an additional 11 million passengers annually from the current 39.5 million, JG Summit said.

It will also increase the number of hourly aircraft movements, or take offs and landings, to 48 from 40, JG Summit said.

“The consortium believes that the NAIA will continue to be a strategic gateway for our country and a key hub of airline operations for many more years,” the company said in a statement.

The JG Summit group of tycoon John Gokongwei includes Cebu Pacific, the country's largest airline.