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Manila Bulletin devider Business devider Trade & Industry devider CIAC upbeat over air travel recovery

CIAC upbeat over air travel recovery

Published May 16, 2023 02:45 am
The current surge of domestic and international travelers at the privately-run Clark aviation complex will enable Clark International Airport Corporation (CIAC) to actualize its business development plans, President Joshua Bingcang announced Tuesday, May 16. "Increased passenger volume means more consumer spending and will open up investment opportunities for various commercial and tourism-related ventures,” he added. “This is favorable to the CIAC’s business development plans since we are tasked to lure in investments," according to Bingcang. He cited to the Civil Aeronautics Board projection that international air travel would likely fully recover and reach pre-pandemic levels by the first quarter of 2024. As of May 15, 2023, the Clark airport services 17 international flights to over 11 destinations and nine domestic routes with 14 flights. Private consortium Luzon International Premier Airport Development Corp. (LIPAD) maintains and operates the Clark airport. The CIAC, for its part, was assigned by the Department of Transportation to exercise regulatory supervision and oversight of activities occurring within the aviation complex. Clark is a viable alternative gateway for local and foreign investors involved in aviation- or non-aviation related businesses, the CIAC President underscored. Already, the CIAC has kickstarted the process of leasing out some 300 hectares of prime government lands surrounding the airport. CIAC also hosts the mixed-use commercial hub Clark Global City, and other locators engaged in manufacturing, information and technology, renewable energy, and other non-aviation-related industries.



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