SMC’s P1.03-trillion gift
Sept. 15, 2024 will be a watershed date for millions of Filipino travelers, for Philippine tourism and indeed for the country’s economy in general.
Aviation latest news
San Miguel consortium wins P171-B NAIA operations, rehab project
The Department of Transportation (DoTr) [link] announced on Friday that the San Miguel Consortium had been awarded the P170.6-billion contract to operate, maintain and rehabilitate NAIA. The consortium is comprised of San Miguel Holdings (a subsidiary of San Miguel [SMC 108.00, down 0.9%]), RMM Asian Logistics (a small company owned by Raymond Miller Moreno), RLW Aviation Development (a small company owned by Robert Lee Wong), and Incheon International Airport Corp. (a major South Korean airport operator). The consortium’s winning bid proposed giving 82.1% of NAIA’s revenue straight to the government, while also increasing NAIA’s annual passenger capacity from 32 million to 60 million. The initial contract to operate will be for 15 years, starting in H2/24, and could be extended for an additional 10 years. The deal is expected to generate P0.9 trillion in revenues for the government throughout the 15-year contract.
EDITORIAL — Finally, a world-class airport?
The Philippines was one of the first countries in Asia to have a modern airport. Since the 1960s, however, the country has fallen in its standing in the region, from being the second most progressive economy after Japan to being a laggard. These days the country trails the founding members of the Association of Southeast Asian Nations in terms of many economic and human development indicators.
K9 security ops in Cotabato Airport intensified
COTABATO CITY, Philippines — Policemen guarding the Cotabato Airport have been visibly using, for a week now, explosives and narcotics detection dogs in guarding the facility following the seizure of big volumes of shabu from traffickers in this city and in towns around in recent weeks.
'PH can become travel, aviation hub'
THE Philippines has the potential to become the travel and commercial trading hub in the Asia-Pacific region given enough investments, a Department of Transportation official said.
Deep sea explorer says may have found Amelia Earhart's plane
WASHINGTON, United States — A deep sea exploration company has released a sonar image they say may be the remains of the plane of Amelia Earhart, the famed American aviatrix who disappeared over the Pacific Ocean in 1937.
Ban sought vs those who joke about bombs
MANILA, Philippines — Local airlines are asking for help in banning persons or air passengers who make bomb threats or jokes.
Alaska Airlines finds many loose bolts on its Boeings as United questions orders
NEW YORK, United States — Boeing came under renewed pressure Tuesday as the head of Alaska Airlines said inspections carried out after a dangerous incident had found many loose bolts on its 737 MAX 9 aircraft.