Filipino tycoon set to take over airport from June 1

[Starmix]

A Filipino tycoon's company is set to take over the operations and maintenance of Bohol-Panglao International Airport (BPIA) starting June 1, 2025, following its $81.18-million no-competition bid. This marks a major step for Aboitiz Infra Capital Inc. (AIC), under the Aboitiz conglomerate led by billionaire Sabin Aboitiz, in its aggressive expansion into the Philippine aviation sector.

In a statement, AIC confirmed it is "on track" to assume full control of Bohol-Panglao International Airport (IATA code: TAG | ICAO: RPSP), which opened in November 2018 on Panglao Island in Bohol, in central Philippines. It replaced the Tagbilaran Airport to handle Bohol's increased tourism-related passenger traffic.
Source Philstar
Image of billionaire Sabin Aboitiz

 

[Augusta]

It replaced the Tagbilaran Airport to handle Bohol's increased tourism-related passenger traffic.This is a good one

 

[Starmix]

This billionaire is well-known in the Philippines. He is also a philanthropist. He has many scholars in his organization. He is a very good man, that's why God gave him wealth in billions.