Philippine Airlines plans 30-50 mln usd hub at former US airbase
Manila (XFN-ASIA) - Flag carrier Philippine Airlines Inc (PAL)
plans to build a hub costing 30-50 mln usd at Clark Field, a former US Air Force
base north of here, PAL president Jaime Bautista said.
"Clark will become a premier airport in the country in the next 5-7 years. PAL will be part of the development in Clark," Bautista told reporters.
He said PAL would initially lease a 30-hectare site at Clark for 25 years and might eventually expand the area of its hub there to 50 hectares.
PAL may tap a combination of loans and internal cash to fund the project, Bautista said.