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Oct 17, 2017 @ 18:14

PAL seeks revised lease deal with Pagcor on NAIA2 property

 

Philippine Airlines is seeking changes to the terms of its lease contract with the Philippine Amusement and Gaming Corp over a 10-hectare property where the Ninoy Aquino International Airport Terminal 2 stands.

The lease contract will expire on July 11, 2033.

PAL president Jaime J. Bautista said the Lucio Tan-owned airline needs to discuss some things with Pagcor after the latter barred the airline from building anything in the leased property.

The flag carrier is only allowed to use the property for aircraft parking at P40 per square meter, which Pagcor thinks is disadvantageous to rhe government.

“If we will use it for other purpose of course we have to talk to them,” he said, adding that Pagcor is open for the revision of the terms of the lease contract.

PAL earlier submitted a proposal to the Department of Transportation to build a new passenger terminal beside its current hub, which covers the Nayong Pilipino complex, to accommodate more tourists.

The proposed project is expected to handle 12 million to 15 million passengers a year.

If approved, PAL hopes to start construction of the project by December 2020.

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