The consortium tells the central government that it will invest 267 billion Philippine pesos (US$4.8 billion) into the airport in exchange for assuming control of the facility for a minimum of 25 years. The group says the initial phase of the development, should the Philippines government take up the offer, would include expanding the airport’s capacity from 31 million annual passengers to 54 million travelers by 2025.<\/p>\n<\/div>\n
The second phase would further expand the airport to increase annual capacity to 62.5 million passengers. The second phase would include a new terminal and additional runways.<\/p>\n
\nThe Manila International Airport Consortium recognizes the immense task of transforming NAIA to meet the exponentially growing demands of Manila air travel, not only in the here and now but also in the future,” said Alliance Global CEO Kevin Tan, one of Andrew Tan’s four children. “It is because of this that the members of the consortium have pooled together its significant resources, technical expertise, and operational experience to put forward a NAIA Masterplan.”<\/p>\n<\/blockquote>\n
The consortium’s six other member conglomerates are Aboitiz InfraCapital, AC Infrastructure Holdings, Asia’s Emerging Dragon Corporation, Filinvest Development, JG Summit Infrastructure Holdings, and US-based Global Infrastructure Partners.<\/p>\n
How Airports Make Money<\/b><\/h2>\n According to Aviation Digest<\/i>, airports generate revenue in a variety of ways through both aeronautical and non-aeronautical\/commercial endeavors.<\/p>\n\n
The non-aeronautical revenue comes from airports leasing out their retail spaces, restaurants, and lounges. Airports also generate a significant portion of their revenue through parking, and some airports like London’s Heathrow, levy a toll just to drop off passengers.<\/p>\n<\/div>\n
But aeronautical income is naturally the backbone of an airport’s business model. Airports charge airliners landing fees, passenger fees, usage fees for gates and security services, and terminal fees. Airlines build those fees into their ticket prices.<\/p>\n","protected":false},"excerpt":{"rendered":"
Alliance Global Group is the parent entity of the Newport World Resorts casino and hotel in Manila. The company is part of a group that wants to expand the Philippines capital’s primary airport.<\/p>\n","protected":false},"author":25,"featured_media":278139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,32093],"tags":[82269,86506,86507,82841,86749,82047,86750,86505,13520,82138],"acf":[],"yoast_head":"\n
Newport World Resorts Owner Seeks Control of Manila Airport<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n