CIAC WILL end 2010 with a “big bang”….
Yeah, smirked cynical me at the closing statement of a recent press release from the Clark International Airport Corp.
The big bang I anticipate, rather than simply expect, is the wholesale massacre – not in the gory sense of the word, but of course – of the whole CIAC leadership, starting from Board Chairman Architect Nestor Mangio and President-CEO Victor Jose Luciano, onto all the members of the CIAC board, EVP Alex Cauguiran and the vice presidents.
So we heard of Cauguiran and Jess Nicdao being cut from the board, the former still holding on – for how long only Pnoy knows – as EVP, and the latter emerging last week as head of the country office of Shelterbox, a British humanitarian agency. Our anticipation further whetted there.
But the big bang comes altogether differently from our malicious pre-conception. It being a booming development for the Diosdado Macapagal International Airport.
Leading aircraft maintenance, repair and overhaul (MRO) company SIA Engineering Company (SIAEC) is set to build at the Clark Civil Aviation Complex – starting this very week – its second hangar to service Boeing 747 and 777 planes.
The facility will cost some P1 billion and is expected to generate 300 direct jobs.
With joint venture partner Cebu Pacific Air, SIAEC broke ground for its first hangar in November 2008. Costing some P800 million, the first hangar began servicing Airbus 319 and 320 aircraft eight months later, or in July 2009. At that early, SIAEC already committed itself to building a second hangar, bullish as it was – still is – on Clark’s viability as premium aviation investment area.
In turn, Clark’s blue chip stock in the aviation industry is all the more enhanced with SIAEC’s locating here, it being the leading aircraft MRO
company providing total maintenance solutions to wide-bodied aircraft of the world, with its 24 joint ventures and subsidiaries across nine countries.
“The SIAEC Group provides extensive MRO of aircraft to more than 85 international airlines worldwide. With certifications from more than 20 airworthiness authorities, SIAEC’s six hangars and 22 in-house workshops in Singapore provide complete MRO services in airframe, component, engine, aircraft conversions, and modifications to major airlines from four continents.” So the press release said.
Adding, “SIAEC also provides support services at the Changi International Airport in Singapore as well as line maintenance support services to countries such as Australia, United States, Hong Kong, Indonesia, Vietnam and the Philippines.”
Big bang there, indeed, in SIAEC’s second hangar.
No lesser bang too for CIAC was the coming to DMIA last October of Jin Air, budget carrier of Korean Air.
As our editorial of October 25-26 read: “No testing the waters for Jin Air, so to speak, as it shall service the Incheon-Clark-Incheon route five times weekly, with its 18-seater Boeing 737-800 aircraft.
“All bullishness here now at the CIAC. No fly-by-night hustler here but the genuine article…
Big bangs for Clark are, without doubt, SIAEC and Jin Air. The boon there comes Chichos Luciano’s way, these highly profitable developments making the best arguments for his continuous stay as CIAC president-CEO.
Mayor Jerry Pelayo, weep.
Yeah, smirked cynical me at the closing statement of a recent press release from the Clark International Airport Corp.
The big bang I anticipate, rather than simply expect, is the wholesale massacre – not in the gory sense of the word, but of course – of the whole CIAC leadership, starting from Board Chairman Architect Nestor Mangio and President-CEO Victor Jose Luciano, onto all the members of the CIAC board, EVP Alex Cauguiran and the vice presidents.
So we heard of Cauguiran and Jess Nicdao being cut from the board, the former still holding on – for how long only Pnoy knows – as EVP, and the latter emerging last week as head of the country office of Shelterbox, a British humanitarian agency. Our anticipation further whetted there.
But the big bang comes altogether differently from our malicious pre-conception. It being a booming development for the Diosdado Macapagal International Airport.
Leading aircraft maintenance, repair and overhaul (MRO) company SIA Engineering Company (SIAEC) is set to build at the Clark Civil Aviation Complex – starting this very week – its second hangar to service Boeing 747 and 777 planes.
The facility will cost some P1 billion and is expected to generate 300 direct jobs.
With joint venture partner Cebu Pacific Air, SIAEC broke ground for its first hangar in November 2008. Costing some P800 million, the first hangar began servicing Airbus 319 and 320 aircraft eight months later, or in July 2009. At that early, SIAEC already committed itself to building a second hangar, bullish as it was – still is – on Clark’s viability as premium aviation investment area.
In turn, Clark’s blue chip stock in the aviation industry is all the more enhanced with SIAEC’s locating here, it being the leading aircraft MRO
company providing total maintenance solutions to wide-bodied aircraft of the world, with its 24 joint ventures and subsidiaries across nine countries.
“The SIAEC Group provides extensive MRO of aircraft to more than 85 international airlines worldwide. With certifications from more than 20 airworthiness authorities, SIAEC’s six hangars and 22 in-house workshops in Singapore provide complete MRO services in airframe, component, engine, aircraft conversions, and modifications to major airlines from four continents.” So the press release said.
Adding, “SIAEC also provides support services at the Changi International Airport in Singapore as well as line maintenance support services to countries such as Australia, United States, Hong Kong, Indonesia, Vietnam and the Philippines.”
Big bang there, indeed, in SIAEC’s second hangar.
No lesser bang too for CIAC was the coming to DMIA last October of Jin Air, budget carrier of Korean Air.
As our editorial of October 25-26 read: “No testing the waters for Jin Air, so to speak, as it shall service the Incheon-Clark-Incheon route five times weekly, with its 18-seater Boeing 737-800 aircraft.
“All bullishness here now at the CIAC. No fly-by-night hustler here but the genuine article…
Big bangs for Clark are, without doubt, SIAEC and Jin Air. The boon there comes Chichos Luciano’s way, these highly profitable developments making the best arguments for his continuous stay as CIAC president-CEO.
Mayor Jerry Pelayo, weep.
