Germany's Fraport is suing the Philippines before a World Bank arbitration court in connection with the Ninoy Aquino International Airport Terminal 3 located in Pasay City (The Philippine Star, 24-Mar-2011). Fraport senior VP Peter Henkel said the case was dismissed in 2007 but the company filed an appeal with a higher World Bank body, which ruled in Dec-2010 that the German company “was denied its right to be heard”. Since the ruling was made, Mr Henkel said they have written Executive Secretary Paquito Ochoa Jr and other concerned officials suggesting that the two sides should meet “to avoid more costly litigations. But we have not heard from any of them. Thus, we are refiling our case next week, though that will not prevent us from talking.” Fraport will seek payment of as much as USD800 million.
Fraport to sue the Philippines before World Bank arbitration court
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Although Ryanair has been increasing its primary airport presence for some time, CEO Michael O'Leary had previously said that Frankfurt Airport was one of the few, alongside London Heathrow and Paris CDG, that Ryanair would not serve. Frankfurt was seen not only as too expensive, but also as too congested for Ryanair's short turnaround times. Details of Ryanair's agreement with Frankfurt Airport have not been disclosed, but it is likely that the airline has secured favourable terms in return for traffic growth targets.
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Philippines-China air service growth to lift Philippines' Chinese tourism as Duterte changes horses
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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.
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