Clark airport revenues hit P1B in 2018

Corp. (CIAC) said on Tuesday it generated P1.07 billion in time it hit that amount since it began operations in 1995.

In a statement, the state increase from P814.115 million in 2017. Net income, - cent to P319.11 million from P177.17 million, it added.

The airport’s aeronautical and non- aeronautical operations contributed 53 percent and 43 percent, respetively, of the revenues. The number of “airlines, flights, destinations and business activities [ has] increased ever since President Rodrigo Duterte called for greater utilization of Clark Airport,” CIAC President Jaime Alberto the statement.

“The marketability of Clark Airport and the civil aviation - ing this milestone,” he added. CIAC registers an average of about 11,500 flyers passengers daily, and 246 international flights and 480 domestic

The airport recorded 2.6 million passengers in 2018, up from 1.5 million the year before. It aims to register 4.5 million passengers yearly by 2022.

It is expected to hit that figure after the Bases Conversion and Development Authority ( BCDA) signed in late January a 25- year concession expand the air hub.

This came after the consortium — composed of Filinvest Development Corp., JG Summit Holdings Inc., Philippine Airport Ground Support Solutions Inc. and Changi Airport Philippines and maintenance deal of the Clark International Airport in December.

The four- member group airport’s existing passenger operational by 2021.

about P6 billion to improve and increase the air hub’s capacity to accommodate 8 million passengers annually, doubling the existing terminal’s current capacity.