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Pay Piatco in full, CA orders gov’t

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Ninoy Aquino International Airport. FILE PHOTO

The government may not exercise full ownership rights over Ninoy Aquino International Airport Terminal 3 (Naia 3) until it has paid in full the P16-billion in just compensation to the Philippine International Air Terminals Co. Inc. (Piatco), the Court of Appeals (CA) has ruled.

Posted: October 19th, 2014 in Latest Business Stories | Read More »

AirAsia to fly out of Naia 3

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FILE PHOTO

Budget air carrier AirAsia will transfer three of its international flights to the newly rehabilitated Ninoy Aquino International Airport (Naia) Terminal 3 from the old Manila Domestic Terminal.

Posted: September 12th, 2014 in Latest Business Stories | Read More »

Fraport seen keen on negotiating with PH over Naia 3 row

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The government is considering entering into negotiations with German airport operator Fraport AG that could lead to the settlement of a decade-long issue—now with an international court—over the latter’s investment in the Ninoy Aquino International Airport Terminal 3.

Posted: October 17th, 2013 in Headlines | Read More »

Gov’t appeals court order on Naia 3 payment

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Ninoy Aquino International Airport Terminal 3. PHOTO BY RICK ALBERTO / INQUIRER.net

The Aquino administration has decided to appeal a decision by the Court of Appeals last July ordering the government to pay the builder of the Ninoy Aquino International Airport (Naia) Terminal 3 more than double the amount previously required.

Posted: September 9th, 2013 in Latest Business Stories | Read More »

Pay Piatco now, Aquino urged

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Sen. Antonio Trillanes IV INQUIRER FILE PHOTO

An ally of President Benigno Aquino III has called on the administration to immediately comply with the Court of Appeals ruling ordering the government to pay the builder of Ninoy Aquino Intenational Airport Terminal 3 (Naia 3) P16.2 billion ($371,426,668) as “just compensation” for the expropriation of the airport terminal.

Posted: August 10th, 2013 in Latest Business Stories | Read More »

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