Philippines' Ayala Corporation and Aboitiz Equity Ventures signed (10-Sep-2012) an agreement to form a JV to bid for the PHP10 billion (USD240.4 million) contract to develop and operate Cebu Mactan International Airport. Philippines' Government is expected to announce the commencement of bidding for the project by the end of 2012. [more - original PR]
Ayala and Aboitiz to bid for Cebu Mactan Airport contract
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Philippines-China air service growth to lift Philippines' Chinese tourism as Duterte changes horses
First bananas, then people. China's lifting of a trade ban against bananas from the Philippines bodes well for aviation. Relations between China and the Philippines turned negative in 2012. The issue was primarily over China's claims to uninhabited islands – a debate that also caused China-Japan relations to turn sour. China banned Filipino banana imports and issued a travel warning against the Philippines. Travel warnings from China carry more weight than in other markets since state-owned/linked travel agencies essentially stop selling the impacted market. Diplomatic rows have resulted in drastic reductions in outbound passenger flows from China.
Japan has more than recovered but the Philippines' underexposure to China is well evident: the Philippines has received the least number of Chinese tourists in Asia. Laos and Cambodia, far smaller than the Philippines, each received more Chinese tourists than the Philippines.
New Filipino President Rodrigo Duterte is pivoting Manila's allegiance away from the US – to China. His presidency is young and the calculation has its sceptics, but China appears to be warming. Following the lifting of its ban on banana trade, China is expected to use President Duterte's visit to Beijing to lift its travel warning against the Philippines. This will likely stimulate large air service growth between China and the Philippines. Yet for existing markets, there is some concern that the Philippines presents new competition.
Airports and Uber 2016: Transportation Network Companies now more welcome at airports. CAPA report
CAPA recently conducted a new survey of airports and their relations with and attitudes towards Uber and other Transportation Network Companies (TNCs). This follows a shorter questionnaire-based report published in Nov-2015.
TNCs are just one of the many methods of peer-to-peer car (or ride) sharing that are catching on globally as a result of the high costs of motoring and hiring traditional taxis, allied to the use of advanced technology platforms. They are the ultimate, most evident and visible statement of the sharing society - and millennials are the biggest adopters.
Peer-to-peer networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the application. They are said to form a peer-to-peer network of nodes.
While the direct peer-to-peer rental of motor vehicles where the renter drives for a short period of time (e.g. one to two hours) – either by corporations, through car clubs or even via manufacturers – in order (for example) to access or leave an airport is still in its infancy relatively speaking, the business of the TNCs is growing rapidly. Car sharing is expected to generate USD6.2 billion in annual revenues by 2020, from 12 million members worldwide. That revenue will increase as and when the TNCs move to corner that segment for themselves as well.