An ‘airport’ alright, but wrong place – SMC

MANILA, Philippines – The latest development on San Miguel Corp.’s (SMC) proposed $6-billion airport may have been announced on Thursday by a listed builder, which marked out what could be the Philippines’s next main air gateway in Cavite province just south of Manila. The catch: It’s in the wrong place. SMC, which has kept a tight lid on the airport’s location since it was announced earlier this year, denied also on Thursday a portion of a public disclosure made by property developer Read more [...]

Ang’s airport relocation plan sparks real estate speculations

San Miguel Corp. honcho Ramon S. Ang, or RSA, will be the last person to provide a clue on the location of an international airport that his conglomerate plans to build. Mr. Ang has his reasons—he has not completed the acquisition of the property that will host the new international airport and he does not want lot prices in the undisclosed area to spike up, until he nails pending transactions. It may be too late for that. RSA’s announcement in late August about San Miguel’s plan to construct Read more [...]

San Miguel eyes building new airport with Lucio Tan group

MANILA – San Miguel Corp , the Philippines’ most diversified conglomerate, said on Tuesday it was considering building a new major airport in the country with partner Lucio Tan, the country’s second richest man. “We advise that the company and the Lucio Tan Group are jointly evaluating the possibility of constructing an airport which will serve as the country’s main gateway,” San Miguel told the stock exchange. San Miguel said the new airport will serve the requirements of flag carrier Philippines Read more [...]

PAL eyes north, not south, of Metro Manila for new airport

MANILA – Philippine Airlines’ planned international airport would likely be located in Bulacan, according to a CIMB report. “The permanent solution for the congestion at Manila NAIA may ultimately come from a private sector proposal by San Miguel Corporation to the government to build a completely new airport on the outskirts of Metro Manila, in the province of Bulacan,” CIMB said. CIMB Group, which is a regional universal bank operating in high growth economies in Asean, recently bought part Read more [...]

PAL plans to build Philippines’ biggest airport

Shortly after signing a multibillion-dollar deal to acquire 50 new planes—the biggest aircraft order in the country’s history—flag carrier Philippine Airlines (PAL) on Thursday disclosed plans to build what could be the largest airport in the Philippines. The planned airport would be able to handle four times as many flights per hour as the congested Ninoy Aquino International Airport (Naia) in Pasay City. Naia, built in the 1950s, has been criticized as obsolete with decrepit facilities. Read more [...]

New airport coming soon – Ramon Ang

MANILA, Philippines (UPDATED) – A key official of domestic legacy carrier Philippine Airlines (PAL) announced plans to build a new airport in an undisclosed location. At the stockholders meeting of PAL’s parent firm PAL Holdings on Thursday, August 30, airline president Ramon Ang said he will present to President Aquino his proposed new airport facility in January or February 2013. “It will sit on a 2,000 hectare undisclosed property and can handle 150 take offs per hour,” Ang told PAL stockholders. “At Read more [...]

PAL proposes new Manila international airport

MANILA – Philippine Airlines will propose to government the establishment of a new international airport in Manila, the flag carrier’s president said on Thursday. On the sidelines of PAL’s stockholders’ meeting, Ramon S. Ang said the new airport will have four runways and will span 2,000 hectares. He said the company is in talks with a Korean contractor for the project, and aims to complete construction in 3 years. Ang said the proposal would be aligned with the government’s tourism plan. Up Read more [...]