{"id":329759,"date":"2024-10-04T00:47:34","date_gmt":"2024-10-03T16:47:34","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329759"},"modified":"2024-10-04T00:47:39","modified_gmt":"2024-10-03T16:47:39","slug":"trade-the-news-aevs-aboitiz-infracapital-to-take-over-laguindingan-airport-in-2025","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-aevs-aboitiz-infracapital-to-take-over-laguindingan-airport-in-2025\/","title":{"rendered":"Trade the News: AEV’s Aboitiz InfraCapital to take over Laguindingan Airport in 2025"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Aboitiz Equity Ventures<\/td><\/tr>
Stock Code<\/strong><\/td>AEV<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 52.58<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

The infrastructure arm of the Aboitiz group is set to take over the operations and maintenance of the Laguindingan International Airport in Misamis Oriental next year, the Transportation department said.<\/p>\n\n\n\n

\u201cWe are planning to sign the concession agreement for the Laguindingan airport within the month. The takeover will happen within four to six months,\u201d Transportation Secretary Jaime J. Bautista told reporters on the sidelines of an aviation forum on Wednesday.<\/p>\n\n\n\n

In September, the Department of Transportation (DoTr) said the contract to operate and maintain the Laguindingan International Airport would be awarded to Aboitiz InfraCapital, Inc., the original proponent.<\/p>\n\n\n\n

This came after the DoTr received no counter proposal to challenge the unsolicited proposal of Aboitiz InfraCapital, Mr. Bautista said previously.<\/p>\n\n\n\n

\u201cAboitiz InfraCapital is eager and ready to take on the operations, management, and expansion of the Laguindingan airport\u2026 We\u2019re waiting on the direction from the government on this for the notice of award. From there, signing should follow, then after will be a transition period to takeover,\u201d Aboitiz InfraCapital said in a statement to BusinessWorld.<\/p>\n\n\n\n

Based on the Instructions to Challengers published by the DoTr and Civil Aviation Authority of the Philippines (CAAP), the notice of award and other post-award requirements would immediately be issued upon the approval of the award by the Transportation Secretary and the governing board of CAAP.<\/p>\n\n\n\n

It added that the original proponent or the winning challenger would execute the concession agreement within five days from its receipt of notification of compliance with the post-award requirements.<\/p>\n\n\n\n

The company said its immediate plans for the airport include expanding its operating capacity.<\/p>\n\n\n\n

\u201cWhat we can share at this time is we plan on expanding the operating capacity of the airport given the growth potential we see in Northern Mindanao,\u201d Aboitiz InfraCapital said.<\/p>\n\n\n\n

The Transportation department aims to implement the first phase of the Laguindingan International Airport PPP project from 2024 to 2026.<\/p>\n\n\n\n

The airport will have a capacity of 1.6 million passengers a year, which will increase to 3.9 million by the end of the first phase and to 6.1 million by the end of the second phase.<\/p>\n\n\n\n

According to the Public-Private Partnership Center, the contract for the Laguindingan airport will run for a period of 35 years.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329759","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329759"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329759\/revisions"}],"predecessor-version":[{"id":329761,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329759\/revisions\/329761"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}