Wednesday, June 12, 2024

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The 8-month earnings at Clark Airport have reached P475 million.


The Clark International Airport Corp. (CIAC), which is managed by the government, has announced revenues of P475 million from January to August. This amount is equivalent to 92% of its annual target.

In a statement on Monday, CIAC President and CEO Arrey Ancheta Perez stated that despite the privatization of the Clark International Airport, the company has maintained its financial stability.

In 2023, the GCG has established a revenue goal of P514 million for CIAC, a government-owned and controlled corporation.

The majority of CIAC’s income is generated through the leasing of government land at the 2,367-hectare Clark civil aviation complex.

In August 2019, the airport was transferred to private ownership through a 25-year partnership between the Bases Conversion and Development Authority and Luzon International Premier Airport Development Corp.

Mr. Perez stated that with CIAC’s current financial status, they will surpass their goals and continue to provide revenue to the national government and ultimately, the economy of our country.

The Association of Government Accountants of the Philippines Inc. has recognized CIAC’s accounting team as one of the top performing accounting offices in the country for 2022.

The citation was awarded based on the evaluation of teams from the Department of Budget and Management and the Commission on Audit.

Mr. Perez expressed his joy and anticipation for upholding the highest accounting principles at the CIAC and in government service.

Justine Irish D. Tabile stated that CIAC’s accounting team was acknowledged for their expertise in financial management and their commitment to transparency, demonstrated by the high quality, punctuality, and precision of their 2022 financial reports.