Inquirer
Aboitiz gears up for take over of Laguindingan airport
Aboitiz InfraCapital, Inc. (AIC) is set to take over the operations of Laguindingan International Airport (LIA) by the end of April.
AIC signed a P12.75-billion, 30-year concession agreement with the Department of Transportation and the Civil Aviation Authority of the Philippines in October 2024 to develop and operate the airport.
The company plans a phased handover process to ensure operational continuity and minimize disruptions during the transition.
Planned upgrades include expanding the passenger terminal, modernizing the airport's equipment, and enhancing airside and landside facilities.
The phased expansion will increase the airport's design capacity from 1.6 million passengers per year to 6.3 million, depending on demand.
AIC aims to modernize LIA's infrastructure and services to meet the increasing demands of travelers and businesses.
LIA is the sixth busiest airport in the Philippines and the second busiest in Mindanao.
AIC is collaborating with local stakeholders to facilitate the transition and support the development of surrounding areas.
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