4-Feb-2013 1:34 PM

Airlines and airline-related companies allowed to bid for Cebu Mactan Airport terminal contract

Philippines' Department of Transportation and Communications announced (01-Feb-2013) amendments to instructions for prospective bidders for the passenger terminal construction and operation contract at Cebu Mactan International Airport. The amendments include provisions to allow airlines and airline-related entities to bid for the project, subject to restrictions on the companies' level of equity in the construction project and operation of the terminal. As previously reported by CAPA, San Miguel Corporation and JG Summit Holdings faced potential disqualification from the bidding process due to their respective stakes in Philippine Airlines and Cebu Pacific. [more - original PR]