THE Laguindingan Airport in Cagayan de Oro is now one of the busiest transportation hubs in Mindanao with its earnings reaching P100 million in 2014, the air-safety regulator said on Tuesday.
The growth, according to Civil Aviation Authority of the Philippines Area X Airport Manager Jose Budiongan, comes from the expansion of commercial airline services since Laguindingan started operating in June 2013.
Area X is composed of airports in Laguindingan, Camiguin (Iligan) and Ozamiz City and two smaller airports in Malabang and Wao that serve the general aviation operations for private aircraft. Laguindingan is the main airport that serves the cities of Cagayan de Oro and Iligan, as well as the provinces of Misamis Oriental and Lanao del Norte.
“Laguindingan currently serves an average of 22 incoming and outgoing flights with destination coming from Manila, Iloilo, Davao, Cebu-Mactan from 5 a.m. until the last flight out at midnight. Soon, it will become an international airport as works are now in progress for the start of a regional commercial operation,” Budiongan said. He noted that with the coming of international flights, the airport would embark on the “expansion of its passenger and cargo terminals, and parking lot to accommodate growing numbers of airport users.”
The airport is set to be privatized with the auction of its operations and maintenance scheduled on December 1.
1 comment
Dear Sir/Ma
I am direct to a project Funder who is also known as private lender they specialized in bank instrument lease and sales their funds is purely earned from private and corporate investment portfolios without criminal origin.With the group capital fund which are specifically for lease/sale in form of bank instrument. The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects.
The bank instrument can be use for purchase of goods from any manufacturer irrespective of their location. It can also serve as collateral with any bank in the world to secure loan for your project or to establish line of credit with your bank. We offer Bank Guarantee , all are issue from AAA Rated bank such as Deutsche Bank, HSBC Bank, UBS Zurich, Barclay’s Bank , Standard Chartered Bank E.T.C. For more information, Endeavour to contact me as your convenient time.
Regards
Wilfred Quiah
Contact: wilq.capitalfinance@gmail.com