Aboitiz Group eyes 3 new airport deals this year

MANILA  -The Aboitiz Group, whose infrastructure arm recently bought the Mactan-Cebu International Airport (MCIA), is hoping to bag new contracts to operate and maintain three regional airports this year amid the resurgence of travel.

Cosette Canilao, president and CEO of Aboitiz InfraCapital Inc. (AIC), said in a recent virtual event they had submitted updated proposals for airport projects in Bohol, Laguindingan and Bicol to the government.

https://business.inquirer.net/280400/aboitiz-adds-bicol-gateway-to-airport-wish-list

The infrastructure arm of the Aboitiz family, which has recently diversified into data center and telecommunication as well, is awaiting approval by the National Economic and Development Authority’s Investment Coordination Committee.

“We are hopeful that the collaborative process with government counterparts in the technical working group will streamline the government processes,” Canilao said.

“We hope that the proposals will be awarded this year,” she added.

It has also submitted an unsolicited proposal to operate and enhance the Iloilo airport as it seeks to further grow its transportation portfolio.

“We believe that we have the right ingredients in AIC in terms of experience and expertise via our technical partner, Dublin Airport Authority, and on-the-ground knowledge to deliver the best solution for Iloilo,” Canilao said.

In September last year, AIC inked a P25-billion share subscription and transfer agreement to buy a stake in the GMR-Megawide Cebu Airport Corp., the consortium operating MCIA. This deal allows Aboitiz to fully take control of MCIA by 2024.

“We are actively developing cross-functional synergies to realize the airport’s goal of faster traffic recovery,” she said. INQ

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