In just a year since the Ninoy Aquino International Airport (NAIA) shifted to private management, the consortium led by San Miguel Corporation (SMC) president and CEO Ramon Ang has remitted a staggering ₱57 billion to the national government.
The payment, made by New NAIA Infrastructure Corp. (NNIC), reflects the group’s commitment under its concession deal, which began in September 2024. The remittance includes an upfront premium of ₱30 billion, along with annual fees and revenue shares from airport operations.
Ang emphasized that the strong financial performance of NAIA under private management demonstrates how strategic public-private partnerships can deliver both efficiency and significant revenue for the government.
The remittance covers passenger service charges and a government revenue share reportedly reaching 82 percent of airport earnings, one of the highest in the region. This structure ensures that even as the private consortium modernizes NAIA, the state continues to benefit substantially.
The modernization effort, part of a long-term plan to transform NAIA into a world-class gateway, also aims to enhance passenger experience and operational efficiency. However, some analysts caution that user fees and service standards must be closely monitored to ensure travelers continue to get value.
Ang reiterated his group’s dedication to raising airport standards through heavy investment in infrastructure and technology upgrades, positioning NAIA to compete with other major Asian hubs in the coming years.