Aboitiz, Ayala Partner with ADC & HAS Airports Worldwide

Houston, Texas – December 10, 2012 - Two of the country’s largest business groups, Ayala Corporation (Ayala) and Aboitiz Land, Inc. (AboitizLand), together signed a Memorandum of Understanding with ADC & HAS Airports Worldwide (ADC & HAS) to form a consortium that will participate in the planned public bidding of the Mactan-Cebu International Airport (MCIA) Passenger Terminal under the Philippine government’s Public Private Partnership (PPP) Program.  

ADC & HAS Airports Worldwide is a global airport operator with a proven track record of successful investment, development and operation of airports around the world. It currently participates, directly and through its affiliates, as equity/operator managing four airports.  These serve the capital cities of Quito, Ecuador and San José, Costa Rica with an annual capacity of over 5 million passengers and 3.6 million passengers, respectively. It also is a partner in and operates the Daniel Oduber Quirós International Airport in the growing tourist destination of Liberia, Costa Rica, and during February, 2013, will become the equity operator for the 30-year concession of the Cheongju International Airport within the rapidly developing Chungcheong Northern Province region in the Republic of Korea.

ADC & HAS combines the operational strength and technical resources of Houston Airport System (HAS) and the airport privatization and development experience of Airport Development Corporation. HAS operates three airports in the United States that handle an aggregate capacity of nearly 50 million passengers annually, making it North America’s fourth largest system of airports.

AEV President & CEO Erramon Aboitiz said, "By partnering with ADC & HAS, we are bringing on board one of the most dynamic developers and operators of airports in the world today. ADC&HAS has been at the forefront of airport and commercial development for over 40 years, spearheading landmark airport privatizations in Canada, Hungary, Ecuador, Costa Rica, and just recently in Korea. Coupled with the technical resources from HAS, the world's 6th largest airport system, we’re confident that our alliance with ADC & HAS will allow us to develop a world-class airport facility in Mactan that all Filipinos will be proud of." 
 
Ayala Corporation President and Chief Operating Officer, Mr. Fernando Zobel de Ayala said, “We are very excited to partner with ADC & HAS in the bid for the Mactan Airport. Their experience and success in building and operating world class airports in multiple emerging markets under a PPP concession framework make them a highly suitable partner for a project like this. We believe their expertise in airport operations together with the combined strengths of the Aboitiz and Ayala groups can offer much in terms of raising the standards of airport operations in the country and building an international gateway to southern Philippines.”

ADC & HAS President and Chief Executive Officer, Mr. Jeffrey Scheferman noted: “We are extremely pleased to partner with Ayala and Aboitiz, and are delighted at the prospect of becoming a part of what we see as a very exciting future in the continued development of Cebu and the Central Visayas region. Because this is such an important project for the Philippines, we and our partners were very focused and deliberate in our initial due diligence process and had foremost in our minds one key objective - to ensure that our consortium brings to bear the full range and depth of experiences and the financial wherewithal required to achieve success over the long-term. We are confident that with Ayala, Aboitiz and ADC & HAS, we have indeed fully succeeded in accomplishing that objective and are excited to move forward in the PPP process.”  The Mactan-Cebu International Airport terminal project is one of the PPP projects reportedly scheduled for bidding in the coming months.

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