Incheon International Airport Corporation

Incheon International Airport Corporation
IndustryAirport
Founded1 February 1999
HeadquartersJung-gu, Incheon, South Korea
Key people
Hag Jae Lee (President & CEO)
OwnerMinistry of Land, Infrastructure and Transport (100%)
Websitehttps://www.airport.kr/ap/en/index.do
Incheon International Airport Corporation
Hangul
Hanja
Revised RomanizationIncheon Gukje Gonghang Gongsa
McCune–ReischauerInch'ŏn Kukche Konghang Kongsa

Incheon International Airport Corporation (IIAC) was established in 1991 to operate the Incheon International Airport in Incheon, South Korea.

The Department of Transportation issued the P170.6-billion NAIA public–private partnership project 'Notice of Award' to SMC-SAP & Co. Consortium (San Miguel Holdings Corporation, RMM Asian Logistics Incorporated, RLW Aviation Development Incorporated, and Incheon International Airport Corporation) on February 16, 2024. On March 18, 2024, Marcos Jr. and Ramon Ang’s consortium (San Miguel Corporation) signed the $3-billion 15 years public–private partnership concession agreement for NAIA rehabilitation. The operations and maintenance of the airport will be turned over to the Concessionaire in September 2024.[1][2] The Consortium forthwith made the P30-billion upfront payment to the government.[3]

References

  1. ^ Esguerra, Darryl John (March 18, 2024). "NAIA upgrade an 'investment in our future' – Marcos". Philippine News Agency. Retrieved March 18, 2024.
  2. ^ Rivas, Ralf (March 18, 2024). "Marcos, Ramon Ang's San Miguel ink landmark $3-billion NAIA rehab deal". Rappler. Retrieved March 18, 2024.
  3. ^ Piad, Tyrone Jasper (March 18, 2024). "Gov't to get first P30B for Naia deal". Philippine Daily Inquirer. Retrieved March 18, 2024.

See also

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