Aboitiz InfraCapital Inc. (AIC), the infrastructure arm of the Aboitiz Group, on Thursday assumed full ownership of Aboitiz GMR Megawide Cebu Airport
Aboitiz InfraCapital Inc. , the infrastructure arm of the Aboitiz Group, assumes full ownership of Aboitiz GMR Megawide Cebu Airport Corp. , the developer and operator of the award-winning Mactan-Cebu International Airport .Aboitiz InfraCapital Inc. , the infrastructure arm of the Aboitiz Group, on Thursday assumed full ownership of Aboitiz GMR Megawide Cebu Airport Corp. , the developer and operator of Mactan-Cebu International Airport .
“Completing the acquisition of AGMCAC is a significant step forward in our vision to enhance the Philippines’ airport infrastructure. With full ownership of AGMCAC, we are committed to taking the airport to new heights, delivering exceptional passenger experience, and cementing its status as a world-class gateway,” said AIC president and chief executive Cosette Canilao.
“It’s a vital gateway to Cebu and the Philippines. Given the airport’s expansive growth, with international and domestic traffic growing by 35 percent and 8 percent, respectively, year on year, we will continue to elevate the airport and, thus, Filipino aviation by setting new standards for what it means to be a Filipino brand of airport management and operations,” he said.
Under Cebu Connect, transfer times will be reduced significantly – from 90 minutes to 60 minutes for international connections and from 60 minutes to 35 minutes for domestic connections – making travel more seamless and enjoyable for MCIA travelers.
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