Saturday 17 February
Powered by Ajaxy
Jan 16, 2018 @ 16:19

Mega consortium in talks with “several airport operators” for NAIA upgrade


Filinvest Development Corp and the Lucio Tan Group, two of the developers reportedly behind the so-called mega consortium that plans to develop the country’s premier airport, said the group is in discussion with several airport operators for possible partnership in connection with the project.

The two companies issued a clarification to the bourse after the Philippine Star reported Monday that the consortium is planning to partner with Changi Airports International to develop Ninoy Aquino International Airport or NAIA. Changi Airports operates Singapore’s airport.

“We confirm that the consortium is in discussions with potential airport partners with proven track records in airport operations, in line with our desire to give the Philippines the best possible gateway airport at the soonest possible time,” the two companies said in a letter to the PSE.

“We wish to clarify that the consortium is in discussions with several airport operators for potential partnership in the planned unsolicited proposal, but no definitive agreement has been executed to date,” the letter added.

Apart from Filinvest and the LT Group, the Star reported that other members of the consortium include Megawide, Aboitiz Equity Ventures, Ayala Corp., Alliance Global, JG Summit Holdings and Metro Pacific Investments Corp.

As of posting of this story, the other companies mentioned in the Star report have yet to give their feedback to the PSE.

Tags: , , , , , , , , , , , , , , ,

Related Stories
The Philippines is eyeing air talks with as much as six countries to further boost
The Philippines remained a head-turner for foreign investors looking for new places to go.
Maynilad Water Services, Inc. is coordinating with its Singapore counsel to fend off the government’s
Seven of the country's biggest conglomerates have submitted an unsolicited proposal to transform the Ninoy


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.