Inquirer
Aboitiz takes over Laguindingan airport
Aboitiz InfraCapital (AIC) has officially taken over the operations and maintenance of Laguindingan International Airport as of April 26.
AIC plans a two-phase expansion for the airport, aiming to increase its annual passenger capacity first to 3.9 million and then to 6.3 million.
This expansion is part of a 30-year concession agreement signed in October of the previous year, valued at P12.75 billion.
AIC has partnered with Ireland-based daa International for the airport's upgrade and operation.
The company will also assume operations and maintenance of the New Bohol-Panglao International Airport by June.
Aboitiz Equity Ventures, Inc., the parent company, has allocated P105 billion for capital expenditures this year.
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