The Philippine-based company strengthens its portfolio with the takeover of key airport operations.
Aboitiz InfraCapital has officially taken over the operations of the Bohol-Panglao International Airport in the Philippines.
This transition aligns with the company’s strategy to enhance its investments in infrastructure across the archipelago.
The handover follows the conclusion of an agreement with the Airport Authority and is expected to improve the airport's operational efficiency and passenger services.
Bohol-Panglao International Airport, which opened in 2018, plays a pivotal role in boosting tourism and regional connectivity, serving as a gateway for both domestic and international travelers.
The airport is strategically located to serve the growing number of visitors to the region, which is known for its natural attractions and cultural heritage.
As part of its operational takeover, Aboitiz InfraCapital plans to implement upgrades that focus on enhancing the passenger experience, increasing capacity, and integrating advanced technologies in airport operations.
The company aims to leverage its expertise in infrastructure and logistics to drive improvements.
Aboitiz InfraCapital is a subsidiary of Aboitiz Equity Ventures, one of the largest and most diversified conglomerates in the Philippines.
The company’s foray into airport operations is part of a broader trend in the region, where public-private partnerships are being utilized to modernize and expand infrastructure to support economic growth and tourism.
The takeover comes amid a resurgence of air travel in the Philippines as the country continues to recover from the impacts of the
COVID-19 pandemic, with airlines resuming services and tourist numbers gradually increasing.
The Bohol-Panglao International Airport is considered crucial for the Philippine government's initiatives to revitalize the tourism sector.