29.9 C
Wednesday, January 22, 2020
Home Business Top Business Lipad to lead Clark airport’s O&M soon

Lipad to lead Clark airport’s O&M soon


Luzon International Premier Airport Development Corporation (Lipad) would soon start leading the operations and maintenance (O&M) of Clark International Airport, the Department of Transportation said.

Transport Secretary Arthur Tugade said recently the government would turnover the O&M to Lipad, formerly North Luzon Airport Consortium, by August 16.

Lipad is composed of Filinvest Development Corp., JG Summit Holdings, Inc., Philippine Airport Ground Support Solutions Inc., and Changi Airport Philippines Pte. Ltd.

Bi Yong Chungunco, chief executive officer of Lipad, said the group would takeover the existing terminal in the Clark air hub while they wait for the new passenger terminal building to be completed by Megawide GMR consortium.

“We just takeover the [existing terminal] and see what changes would be needed,” she said.

“GMR-Megawide is building [a new passenger terminal] … We’re waiting for them to hand it over to us, and once it is handed over we will fit it out,” Chungunko added. He said the group looks into repurposing the old terminal, and move airlines to the new terminals.

Lipad in December last year won the O&M deal, beating X-Droid Consortium, members of which were Angkasa Pura II, Globalport 900, Mazy Capital and Desco.

Under the agreement, Lipad has a 25-year concession to lead the modernization and management of the airport.

In a previous statement, the group said it would spend about P6 billion to improve and increase the air hub’s capacity to serve eight million passengers per annum, doubling the current capacity of the existing terminal.

Lawyers press release of Huawei exec facing extradition to US

VANCOUVER: Lawyers for a senior Chinese telecoms executive seeking to avoid extradition to the United States pressed on Tuesday for her release while stepping...

North Korea to ban tourists over China virus

SEOUL: North Korea will ban foreign tourists to protect itself against a new SARS-like virus that has claimed at least nine lives in China...

Any constitutional amendment must be for the good of the people

SEN. Christopher Lawrence “Bong” Go said that he would only support constitutional amendments if these changes are for the good of the Filipino people. "The...

5 in 10 Pinoys expect Duterte to deliver most of his promises – SWS

More than half of Filipinos believe that President Rodrigo Duterte will fulfill most, if not all, of his campaign promises, according to the latest...

Thunberg slams climate change inaction as Davos awaits Trump

DAVOS, Switzerland: Swedish teen activist Greta Thunberg on Tuesday slammed global inaction on climate change in front of the world's top business leaders, as...

Today’s Front Page January 22, 2020

Today’s Front Page January 22, 2020