Latest news with #BPIA
GMA Network
7 days ago
- Business
- GMA Network
Aboitiz Infra embarks on P4.53-B investment plan in Bohol-Panglao Airport takeover
'The modernization of BPIA is not just about upgrading infrastructure—it's about enabling the continued rise of Bohol as a vibrant tourism and economic hub in the Visayas," AIC president and CEO Cosette Canilao said. Aboitiz InfraCapital Inc. (AIC) is set to take over the operations and management of the Bohol-Panglao International Airport (BPIA) in June. In a news release on Wednesday, AIC said it is embarking on a P4.53-billion investment plan that includes the expansion of BPIA's passenger terminal building, installation of modern aviation systems, and enhancements to airside and landside facilities. The company said that within one to two years, upon taking over the BPIA, the airport's current capacity of two million passengers yearly will be expanded to 2.5 million. AIC is expanding further BPIA's capacity to 3.9 million passengers annually come 2030. Under a 30-year concession agreement, AIC, the infrastructure arm of the Aboitiz Group, will formally take over operations of BPIA in June 2025. AIC said its takeover of the BPIA will support Bohol's economic momentum, with planned capacity upgrades paving the way for expanded tourism and regional growth. BPIA will be added to the company's aviation portfolio along with Mactan-Cebu International Airport in Cebu and Laguindingan International Airport in Misamis Oriental. 'The modernization of BPIA is not just about upgrading infrastructure—it's about enabling the continued rise of Bohol as a vibrant tourism and economic hub in the Visayas. We are proud to support the province's aspirations through transformative infrastructure ecosystems such as BPIA,' said AIC president and CEO Cosette Canilao. –NB, GMA Integrated News
Time of India
13-05-2025
- Business
- Time of India
City airport may be privatised soon
1 2 Bhubaneswar: Biju Patnaik International Airport in the city is likely to be among 11 airports in the country which are privatised soon. Sources said the govt is likely to seal the privatisation deal in July or said the initiative aligns with the Centre's goal to privatise these AAI-managed airports by this year. The 11 airports together handle 10% of India's domestic passenger traffic and 4% of total overseas passengers. Once privatised, the entity will take up more commercial ventures inside and outside the BPIA to boost its revenues. Out of the 11 airports, Bhubaneswar is one that is considered profit-making. According to the Union civil aviation ministry, one management (player) will operate Bhubaneswar and another airport in Hubballi (Karnataka), which has been clubbed with Odisha. Earlier, Trichy airport was clubbed with year, Rajya Sabha member Niranjan Bishi raised the BPIA privatisation matter in the Upper House. "BPIA handles over 4.6 million passengers annually. It is a profit-making airport in India. And it is the eighth most profit-making airport out of a total of 102 airports in our country. So, proposed privatisation after 62 years of successful operation is a matter of great concern," Bishi told the House in Aug last a reply to Bishi on Aug 5 last year, minister of state Murlidhar Mohol told the Parliament that airports are leased out for their better management, utilising private sector efficiency and investment. States and passengers are the ultimate beneficiaries of enhanced airport infrastructure and facilities created by the private partner, who operates, manages, and develops the leased airport under chief minister Mohan Charan Majhi said at least 15 of the 30 districts will get heliports, while a greenfield airport will come up in Paradip. He also discussed how to expedite work on the proposed Shree Jagannath Airport in Puri and upgrade of the existing airport in Rourkela.
Time of India
08-05-2025
- Politics
- Time of India
Two flights cancelled at Bhubaneswar airport amid airspace restrictions after Operation Sindoor
Representative image (ANI) NEW DELHI: Two flights from Biju Patnaik International Airport in Bhubaneshwar were cancelled, as officials said on Thursday. This came in the wake of ' Operation Sindoor ' and rising airspace restrictions . The cancelled flights included one to Hindon (Ghaziabad) and another to Chandigarh via Patna, BPIA Director Prasanna Pradhan confirmed. While the Hindon-bound flight was cancelled due to national security-related airspace restrictions in parts of northern and western India, the Chandigarh-Patna flight was grounded for "operational reasons," Pradhan said. Operation Sindoor 'Op Sindoor's precision & execution was unimaginable': Rajnath Singh Operation Sindoor: India repels drone, missile attack across LoC Operation Sindoor: Several airports in India closed - check full list He added that the Patna flight had already been cancelled the previous day, reportedly due to technical issues with the aircraft. Around 27 airports across India are currently facing temporary closures or flight disruptions as a security precaution after the Indian armed forces launched strikes on terror targets in Pakistan and Pakistan-occupied Kashmir in retaliation for last month's Pahalgam terror attack, which claimed 26 lives.
