BUSINESS
Advocates Philippines
A New Era For NAIA: San Miguel Corporation Takes Over Operations, Promises A World-Class Upgrade
Airline industry leaders express strong support for NNIC and DOTr's plans for NAIA. (L-R) Philippine Airlines (PAL) President Capt. Stanley Ng, Cebu Pacific President Xander Lao, SMC Chairman and CEO Ramon S. Ang, DOTr Secretary Jaime J. Bautista, NNIC General Manager Angelito Alvarez, PAL EVP and General Counsel Atty. Carlo Luis S. Fernandez, and Philippines AirAsia CEO Ricky Isla. Photo credit from San Miguel Corporation
Exciting times are ahead for the Ninoy Aquino International Airport (NAIA) as the San Miguel Corporation (SMC)-led NAIA Infrastructure Corporation (NNIC) officially takes the reins of operations and maintenance. Just days into the transition, optimism is in the air as stakeholders express confidence in transforming the airport into a world-class facility.
During the recent Economic Journalists of the Philippines (EJAP) Aviation Forum, San Miguel Corp. Chairman Ramon S. Ang couldn’t hide his enthusiasm about the historic moment. "We are about to make history," Ang said. "We can finally start the work of modernizing our airport and giving the Filipino people the world-class facility they deserve."
Transportation Secretary Jaime J. Bautista echoed this excitement, expressing confidence that the Ang-led NNIC is the right partner to bring NAIA to a global standard. "We have no doubt that the SMC-implemented projects will align with our vision of providing a comfortable, accessible, safe, and affordable travel experience," he stated. Bautista highlighted that NAIA’s transformation is in good hands, given San Miguel’s success in other Public-Private Partnership (PPP) projects.
For the NNIC, the task ahead is not just about maintaining the airport but modernizing it to increase capacity from 35 million to 62 million passengers annually. The improvements also aim to boost air traffic movement from 40 to 48 per hour, making NAIA more efficient and competitive on the global stage.
On top of that, the project is set to generate significant benefits for the country. The government expects to rake in P900 billion in revenues over the duration of the concession agreement. Additionally, the rehabilitation is anticipated to create at least 58,000 jobs for Filipinos, contributing to economic growth.
With NNIC officially taking over on September 14, the countdown to a better NAIA begins. As the transformation unfolds, passengers can look forward to a more comfortable and world-class experience—something that many believe is long overdue.
During the recent Economic Journalists of the Philippines (EJAP) Aviation Forum, San Miguel Corp. Chairman Ramon S. Ang couldn’t hide his enthusiasm about the historic moment. "We are about to make history," Ang said. "We can finally start the work of modernizing our airport and giving the Filipino people the world-class facility they deserve."
Transportation Secretary Jaime J. Bautista echoed this excitement, expressing confidence that the Ang-led NNIC is the right partner to bring NAIA to a global standard. "We have no doubt that the SMC-implemented projects will align with our vision of providing a comfortable, accessible, safe, and affordable travel experience," he stated. Bautista highlighted that NAIA’s transformation is in good hands, given San Miguel’s success in other Public-Private Partnership (PPP) projects.
For the NNIC, the task ahead is not just about maintaining the airport but modernizing it to increase capacity from 35 million to 62 million passengers annually. The improvements also aim to boost air traffic movement from 40 to 48 per hour, making NAIA more efficient and competitive on the global stage.
On top of that, the project is set to generate significant benefits for the country. The government expects to rake in P900 billion in revenues over the duration of the concession agreement. Additionally, the rehabilitation is anticipated to create at least 58,000 jobs for Filipinos, contributing to economic growth.
With NNIC officially taking over on September 14, the countdown to a better NAIA begins. As the transformation unfolds, passengers can look forward to a more comfortable and world-class experience—something that many believe is long overdue.
Sep 9, 2024
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