The Daily Tribune
Aboitiz considers Davao Airport bid
The Aboitiz group is interested in managing and operating Davao International Airport, indicating a strategic move to expand its airport infrastructure portfolio.
Sabin M. Aboitiz, President and CEO of Aboitiz Equity Ventures, Inc. (AEV), stated that the group's interest is contingent on the specific terms and conditions of the bidding process.
This potential venture follows Aboitiz InfraCapital's successful bid to manage the Laguindingan International Airport in Northern Mindanao.
The Aboitiz group prefers a solicited process for the Davao International Airport modernization and operation, awaiting the government's official terms of reference.
The Department of Transportation previously announced that a conglomerate had shown interest in submitting an unsolicited proposal for the airport, but the Transportation Secretary withheld the company's name as no formal proposal had been submitted.
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The Department of Transportation (DOTr) has partnered with the International Finance Corp. (IFC) of the World Bank Group to modernize the Francisco Bangoy International Airport, also known as Davao International Airport.
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Aboitiz InfraCapital (AIC) is set to upgrade, operate, and maintain Laguindingan Airport in Misamis Oriental, Mindanao's second busiest gateway, by April 2025.
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The Department of Transportation (DOTr) has awarded the operations and maintenance contract for Laguindingan Airport to Aboitiz InfraCapital (AIC).
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The Department of Transportation (DOTr) and the Civil Aviation Authority of the Philippines (CAAP) have officially turned over the PHP12.75-billion modernization of Laguindingan Airport in Misamis Oriental to Aboitiz InfraCapital (AIC).
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