Manila International Airport

[seven13]

New terminal building, would it be extension of T2 to the PVH? Parking building at last and walkalators to connect the three terminals!

[Arianespace]

SMC is proposing this as new Terminal 4 or 5, while MIAA would like it T2 extension. Lets see what they would come up with come September.

[xzibit31]

Hmmm... Where will he put this? Will he connect all terminals to realize this???

[Gustavo J Oppenheimer]

Probably in the abandoned Manila Hotel

[Arianespace]

https://youtu.be/H3TrflTycGk?t=132

Making sense to RSA statement:
The new terminal will have 20mppa instead of the 35mppa. 35 mppa capacity refer to new terminal, t2 and t3 additional capacity, consistent with 65 mppa max. Capacity is also consistent with maximum 48 aircraft movement per hour. The 10 additional mppa was already achieved by MIAAs terminal improvements of T2 and T3 allowing them to service 45mppa now.

Boarding bridges and remotes for new terminal is 15-20 not 50

[Arianespace]

Arianespace wrote

idp5601 wrote

Does anyone know who the hell RLW Aviation Developments and RMM Asian Logistics are? Trying to look them up online and pretty much all the results are just about the NAIA bid. Are they actual companies or dummy firms made to get around ownership restrictions?

Raymond Miller Moreno (RMM)
Robert Lee Wong (RLW)

This might help you
https://www.rappler.com/newsbreak/inside-track/something-fishy-san-miguel-consortium-naia-bidding-rehabilitation/

Nominee corporations are not necessarily dummy. Multinational Financiers hide in Nominee through Trust agreements. That's why I call it foreign because financiers usually are funding the project, so the beneficial owners of it and not the Filipino whose name it was registered.

The bottom line that will be considered by BAC is the credit line banks would give to these corporations. Mind you, nominees have a billion credit line more than their capitalization. And nominee corporation work that way. Basically to conceal their identity from their competitors. A dummy corporation doesn't have that same financial muscle for its credit line as they are dependent of the holding company. If SMC holds them, they would have the same bank credit line. Nominee meanwhile has a different bank.

So lets wait for DOTr to verify their credit line. Its either they have or doesn't have that money.

Turns out,  one of these corporations are nominees for no other than Incheon International Airport Corporation (IIAC). And they are not shy about it. A shell within a shell within a shell. Welcome the "New NAIA Infra Corp (NNIC)". San Miguel will hold a 33% stake, while RLW and RMM will own 30% and 27%, respectively, While Incheon International will have a 10% stake.

Under the contract, IIAC holds a 10 percent stake in NNIC, will also take charge of the airport's overall operations throughout the project. In reality though, its more than 40%. Genius.


RLW CEO Robert Wong, San Miguel Chairman Ramon Ang, IIAC Chief Executive Lee Hag-jae, RMM CEO Raymond Moreno

If you still don't get it, try picturing SMC running PAL despite LT owning the majority share.

[Arianespace]

Airside at Terminal III International is really a traffic jam nowadays with managers from Singapore based airlines complaining about their gates being occupied by 5J domestic. This has become a daily occurrence now. Observed it myself. 3 planes are in the taxiway waiting to dock for as long as 1 hour and 30 minutes. You could be in Davao at that time. And yet we are still praying for 15 million more.

[Arianespace]

Kingdom of Terminal III is real.

MIAA’s GM Ines gets irked after airport in-house media were denied access to NAIA 3 parking lot

Manila International Airport Authority (MIAA) general manager Eric Ines has directed free access to members of the in-house media covering the airport beat and warned that he would relieve those who will go against his order, as he announced that he would meet with the airport security personnel on the matter.

An irked GM Ines said this, after learning that members of the Airport Press Club (APC) were halted from entering the parking area at the NAIA Terminal 3 by the security guards who said that there are no more parking slots left for them to use. The media members were there for a coverage, on the invitation of Cebu Pacific.
https://journal.com.ph/miaas-gm-ines-gets-irked-after-airport-in-house-media-were-denied-access-to-naia-3-parking-lot/

Perhaps the price to pay for relieving someone who actually does his job.

[Arianespace]

And more to the kingdom,

[JNC03]

SMC said Tuesday it would use the proceeds of a P20-billion bond offer to support its airport development projects, including the P171-billion modernization of the country's main international gateway.

In a disclosure, SMC said it had filed an amended registration statement and preliminary offer supplement for its planned issuance of fixed-rate bonds with the Securities and Exchange Commission.

The fundraising involves a base offer of P15 billion and an oversubscription option of up to P5 billion, to be taken from the remainder of SMC's P50-billion peso-denominated shelf-registered bonds.
‌
Based on an offer supplement dated April 22, SMC expects to raise approximately P19.7 billion from the issuance, assuming full exercise of the oversubscription option.

Proceeds will be used for the rehabilitation and upgrade of the Ninoy Aquino International Airport (NAIA) and construction of a new airport in Bulacan, as well as the redemption and repayment of the company's Series I and F bonds, respectively.


https://www.manilatimes.net/2024/04/24/business/corporate-news/san-miguel-bond-offer-to-fund-airport-projects/1943028

[Arianespace]

If the bond issuance is oversubscribed it means the payout is good. In simpler terms, credit worthy. You can bet your life on it that you gonna be paid. In much simplest terms, SMC doesn't have issues about money.