Boeing Offers New Generation Triple Seven for PH Government

20 September 2022

New York- Aerospace giant Boeing has meet with the President of the Philippines Ferdinand R. Marcos Jr. relative to its acquisition of a long haul jet.

According to Palace Officials, Boeing offered to the Philippine government the brand new Boeing 777-8X powered by GE9x engine, with a price tag of $410 million, (22.6 billion) at listed price in 2022 for its long haul travel needs.

Boeing said the aircraft has a range of up to 8,730 nmi (16,170 km) with 310 passengers. It is capable to fly to all continents, except South America.

No further details is provided. 


 

FA50 On PR1, Again

PAF Escorts PR1 To US

Two FA-50 fighter jets deployed by the Philippine Air Force (PAF) is seen flying beside a Philippine Air Lines (PAL) plane as it escorts the flight of Pres. Ferdinand Marcos Jr. to New York, United States on Sept. 18, 2022. (Photo by Philippine Air Force / PAF

 19 September 2022

By by Martin Sadongdong 

The Philippine Air Force (PAF) has utilized two of its FA-50 fighter jets to escort the flight of President Ferdinand “Bongbong” Marcos Jr. for an official visit to New York in the United States.

One of the two FA-50 fighter jets deployed by the Philippine Air Force (PAF) is seen flying beside a Philippine Air Lines (PAL) plane as it escorts the flight of Pres. Ferdinand Marcos Jr. to New York, United States on Sept. 18, 2022. (Photo by Philippine Air Force / PAF)

Lt. Gen. Connor Anthony Canlas Sr., PAF Commanding General, posted on his Facebook account a photo of one of the two FA-50 fighter jets flying beside a Philippine Air Lines (PAL) plane carrying the Commander-in-Chief as it left the country on Sunday, Sept. 18.

“The fighter jets escorted the Presidential flight in the country’s eastern front starting over Polilio Island all the way up to 200 nautical miles,” Col. Ma. Consuelo Castillo, PAF spokesperson, said Tuesday, Sept. 20.

“This is the first time that our FA-50s were able to escort out President [Marcos Jr.] on a foreign trip. During the earlier presidential trips, our fighter jets had been committed for priority patrol missions elsewhere that needed its urgent presence,” she added.

The PAF’s escort to Marcos Jr.’s flight lasted for a “few minutes.” After that, the two FA-50 fighter jets went for a regular maritime patrol to secure the country from unauthorized intrusions within the Philippine Air Defense Identification Zone (PADIZ), she noted.

“Considering that we have limited aircraft, our government’s priority is for our aircraft to be utilized for such urgent and critical missions. That’s why even in the brief fighter escort mission, we jibed it with the conduct of a maritime patrol,” Castillo said.

One of the two FA-50 fighter jets deployed by the Philippine Air Force (PAF) is seen flying beside a Philippine Air Lines (PAL) plane as it escorts the flight of Pres. Ferdinand Marcos Jr. to New York, United States on Sept. 18, 2022. (Photo by Philippine Air Force / PAF)

Marcos Jr. is on an official visit to New York to participate in the 77th United Nations General Assembly (UNGA). He was scheduled to speak in the high-level UN debate on Tuesday to discuss climate change, rule of law, and food security.

In the recent past, Castillo recalled that flight escorting had been done during the official trips of the late former President Benigno “Noynoy” Aquino III, but not during the time of Marcos Jr.’s predecessor, Rodrigo Duterte.

“That time (Duterte’s administration), the feedback to me is that it was not done [flight escorting],” she said.

Escorting of presidential flights is “more than just a tradition” in the PAF as it is also an essential standard operating procedure (SOP) to clear and secure the air space for the arrival and departure of the President of the Republic and other visiting heads of state, according to Castillo. The said procedure is similarly practiced in other countries for added security of their presidential flights.



GMR Sells CEB Airport for US$440 Million

GMR Airports Officials, GMR Megawide Cebu Airport Corporation, Aboitiz InfraCapital, Megawide and the Aboitiz Group during the signing ceremony held on Sept. 2.

5 September 2022

GMR Airports International BV (GAIBV) and Megawide Construction Corp (Megawide) has agreed to sell all rights on the 25 years concession agreement awarded to GMR-Megawide Cebu Airport Corp (GMCAC), the developer and operator of the Mactan Cebu International Airport (MCIA) in a deal valued at close to US$440 million to  Cebu-based company Aboitiz InfraCapital Inc. (Aboitiz), the company announced on Friday.

Megawide and GAIBV "agreed to sell down their existing stakes in GMAC to accommodate the entry of Aboitiz InfraCapital" in a Share Subscription and Transfer Agreement, Megawide told the Philippine Stock Exchange (PSE), in transparency disclosure.

The initial deal involves GMCAC's issuance of primary shares and the transfer of secondary shares from Megawide and GAIBV to Aboitiz InfraCapital amounting to P9.5 billion, from date of exchange, resulting in Aboitiz InfraCapital owning 33 and 1/3 percent minus 1 share stake in GMCAC, the disclosure said.

Subsequently, Megawide and GAIBV will issue another note with an aggregate value of P15.5 Billion, maturing on 30 October 2024, representing the remaining 66 and 2/3% plus 1 share of GMCAC's outstanding capital stock, making the company a complete subsidiary of Aboitiz.