Stock News 2013: Clark International Airport as Asia’s next ‘aerotropolis’

English: Night-time balloon display during the Hot Air Balloon Fiesta at Clark, Pampanga (Photo credit: Wikipedia)

With the world’s economic center of gravity rapidly moving eastward, there is increasing urgency to develop Clark International Airport into an aviation hub, and this is the focus of a two-day conference to be held this month at the Clark Freeport Zone in Pampanga.

“The Case for Asia’s Next Aerotropolis” is the theme of the Clark Aviation Conference 2013, a trade gathering that will examine Clark’s compelling case as an aerotropolis, an idea in community planning where airports serve as the center for new cities growing around them.

The conference, being organized by Clark International Airport Corp (CIAC) in partnership with Global Gateway Logistics City, takes place Feb. 21-22, 2013, at the Widus Convention Center in Clark Freeport Zone. It coincides with the annual Hot Air Balloon Fiesta.

“The event will highlight Clark International Airport’s critical role in easing air traffic congestion in Manila and driving economic expansion in Central Luzon. It will also identify infrastructure and policy developments at Clark Freeport Zone that are designed to attract airport-related businesses and investments,” said CIAC president and CEO Victor Jose Luciano.

“More importantly, the conference is a call for the full development of Clark International Airport as an aviation nerve center in the light of the economic growth in Asia.”

Heads of government agencies—including Tourism Secretary Ramon Jimenez, Bases Conversion and Development Authority president Atty. Arnel Casanova and Trade Assistant Secretary Fe Agoncillo-Reyes—and private-sector representatives will look at Clark’s prospects as an aviation and investment destination in Asia, even as they examine pressing aviation and tourism concerns and propose sustainable and long-term solutions.

http://business.inquirer.net/107043/clark-international-airport-as-asias-next-aerotropolis

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Stock News 2011: Lufthansa cautious as profit plunges

Image via Wikipedia
Deutsche Lufthansa AG warned that persisting economic uncertainty is clouding the growth prospects of the aviation industry, but added it doesn't expect the global economy to drift into a renewed recession.

"None of our data suggests there will be a double-dip recession scenario, but the going definitely gets tougher," Chief Financial Officer Stephan Gemkow told a news conference.

The increasingly uncertain economic outlook was already reflected in the company's falling third-quarter profits – although the decline was lower than analysts had expected – and is continuing to depress future bookings, the German flagship airline said.

Previously, Lufthansa had been relatively unaffected by the economic crisis that is gripping the euro zone, but business confidence in Germany and elsewhere in Europe has shown signs of wavering amid concerns that a slowdown may be around the corner.

Still, Lufthansa also reiterated its recently lowered full-year profit guidance, and said it would "initially prepare for slower growth rates in passenger and freight traffic."

In response to the deteriorating economy, Lufthansa pledged to divest loss-making units – such as British Midland Airways, known as bmi – step up cost cutting efforts, adjust passenger capacity expansion plans and boost its low-cost airline offerings.

"The macroeconomic environment--and therefore the strength of demand for the airborne companies in particular – has weakened significantly," Lufthansa said in its third quarter report. "At the same time, the booking prospects for the months ahead have deteriorated substantially," the carrier said.

http://mb.com.ph/node/339556/lufthan

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Stock News 2010: Public-private partnership projects to cost nearly P740 billion

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THE AQUINO administration on Friday unveiled the broad outlines of its plan to mount infrastructure projects through so-called private-public partnerships (PPPs), estimating an initial tally of around 80 projects that will cost nearly P740 billion.

Mr. Paderanga bared a "short list" of 10 projects that will be ready for rollout or tender next year, with an estimated investment requirement of P127.8 billion:

1. extension of the Light Rail Transit (LRT) Line 1 to Bacoor, Cavite (P70 billion);
2. extension of the LRT Line 2 to Masinag Junction in Antipolo (P11.299 billion);
3. a new airport in Bohol (P7.543 billion);
4. a "city terminal" for the Diosdado Macapagal International Airport in Pampanga (cost to be determined);
5. privatization of the operation and maintenance contract of the Laguindingan airport in Misamis Oriental (cost to be determined);
6. a new airport in Puerto Princesa (P4.362 billion);
7. an expressway connecting the North and South Luzon tollways (P21 billion);
8. the Cavite-Laguna Expressway (P10.5 billion);
9. supply of treated bulk water for Metro Manila (cost to be determined); and
10. a new airport in Daraga, Albay.

http://www.bworldonline.com/main/content.php?id=17962

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