Clark International Airport becoming an important Philippines hub
Two big wins for the Philippines’ Clark International Airport: FedEx will return to the Philippines and plans to use the airport as its hub, while surging low-cost carrier AirAsia will build a passenger base there for its new local affiliate, AirAsia Philippines.
At 2,367-hectares, Clark International Airport is about four times the size of Ninoy Aquino International Airport in Manila, about 90 minutes’ drive away. It is located within the Clark Freeport Zone and industrial area on the site of a former US military base.
AirAsia Philippines plans to start flying in October to Hong Kong, Macau, Singapore and Bangkok with a fleet of four aircraft, before expanding out to other Asian destinations. Its parent company, AirAsia, already flies between Clark and Kuala Lumpur and Kota Kinabalu, which will continue alongside the new services.
FedEx’s main Asian hub is at Baiyun International Airport in Guangzhou, and is the company’s largest outside the United States. Before relocating there, it operated out of another Philippines economic zone (and former US base) at Subic Bay but found itself unable to expand operations to meet customer demand. The loss of FedEx was a blow to the Subic Bay and administrator Subic Bay Metropolitan Authority, which lost 600 jobs and around P160 million (US$3.76 million) a year in revenues.
- AirAsia in share swap with Malaysia Airlines?
- Philippines’ special economic zones expect further growth
- AirAsia, ANA join to form new budget airline in Japan
- Tune Hotels to take budget hotel model to Australia
- Infrastructure, construction boom in Southeast Asia: Reuters
- Philippines credit rating now one notch under investment-grade
- Philippines opening up business links in New Zealand under FTA
- Malaysia to draw up more regional development plans
- Investors behind Philippines projects ’100%’ but wary
- 15 new initiatives announced for Malaysia’s Economic Transformation Programme