Tag: Luzon International Premier Airport Development Corp. (LIPAD)
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CIAC financially strong, remits Php203-M to National Treasury
CLARK FREEPORT ZONE—An executive of the Clark International Airport Corp. on Tuesday said the government-run aviation firm remains financially strong in spite of the privatized Clark International Airport that it was able to remit Php203 million as dividends to the national government. CIAC President Arrey Perez said the CIAC remitted a total of Php202,905,691.45 on…
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CIAC financially stable even with privatized airport
CLARK FREEPORT ZONE — The government-run Clark International Airport Corp. has shown financial stability even after the privatization of the Clark International Airport, CIAC President and CEO Arrey Perez on Monday said. The airport was privatized in August 2019 under the Duterte administration in a 25-year consortium agreement between the Bases Conversion and Development Authority…
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CIAC benchmarks for oversight role at Clark airport
LAPU-LAPU CITY— An executive of the state-run Clark International Airport Corp. on Thursday said the Clark aviation firm has begun exercising oversight functions of the Clark International Airport (CRK) by conducting benchmark studies from the success of the Mactan-Cebu International Airport (CEB) operations. Joshua Bingcang, president of CIAC, said his management team held a benchmarking…
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CIAC upbeat over air travel recovery demand
CLARK FREEPORT ZONE – The steady rise in the number of domestic and international travelers in Clark favors the government’s efforts to further develop the aviation complex, an executive of the Clark International Airport Corp. on Tuesday said. Joshua Bingcang, CIAC president, said the privately-run Clark International Airport has been registering a growth in the…
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