Aboitiz InfraCapital Inc. (AIC), the infrastructure arm of the Aboitiz Group, won a contract to upgrade, operate and maintain Laguindingan Airport in Misamis Oriental province.
The Department of Transportation (DOTr) and Civil Aviation Authority of the Philippines (CAAP) announced the award on Sept. 30, 2024.
The expansion of AIC’s airports portfolio into Mindanao strengthens its position as a key player in the Philippine aviation sector.
“We are excited to revitalize Laguindingan Airport and collaborate with stakeholders to create a world-class facility that serves travelers and the community alike,” said AIC president and chief executive Cosette Canilao.
The proposed P12.75-billion project for Laguindingan Airport, Mindanao’s second busiest after Davao City’s Francisco Bangoy International Airport, involves extensive development, including renovating and expanding existing facilities.
These expansions are expected to enhance the passenger experience, improve operational efficiency, and elevate the airport’s safety and security standards.
Laguindingan International Airport is part of AIC’s broader strategy to develop and manage infrastructure assets that enhance connectivity across the Philippines.
As a unit of the Aboitiz Group, AIC is leveraging its expertise in infrastructure and technology to drive sustainable growth in the country’s aviation sector.
“Building on our experience at the award-winning Mactan-Cebu International Airport, we are excited to bring our home-grown Filipino brand of airport operations to Misamis Oriental,” said AIC vice president Rafael Aboitiz.
“We are confident Laguindingan Airport will drive socio-economic progress in the region,” Aboitiz said.
AIC, through Aboitiz InfraCapital GMCAC, also operates the award-winning Mactan-Cebu International Airport, whose Terminal 2 recently received a prestigious 4-star rating from globally renowned aviation consultancy Skytrax.
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