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PH eyes aviation investments in Singapore Airshow 

By: Jerome Aning - | February 04,2024 - 11:07 AM

Singapore Airshow logo

Singapore Airshow website

The government aims to attract investments for the Philippines’ aviation sector at the upcoming Singapore Airshow, aiming to position the country as a travel and trading hub in Asia-Pacific and a starting point for North America, a senior official of the Department of Transportation said on Friday.

Transportation Undersecretary Roberto Lim highlighted the importance of the strengths and opportunities in the Philippine aviation industry during a briefing for the Singapore Airshow from Feb. 20 to Feb. 25.

Citing Republic Act No. 11659, or the amended Public Service Act, Lim said the Philippines was open to foreign investments, including airports, which may now be owned 100-percent by a foreign entity.

READ MORE: Singapore firm pledges P11-B investment in PH

Transportation Secretary Jaime Bautista will lead the country’s participation in the Singapore Airshow through the Philippine Pavillon.

Renowned as Asia’s premier international aerospace and defense exhibition, the Singapore Airshow serves as a pivotal platform for industry stakeholders to build strategic alliances and drive transformative changes within the global aviation landscape.

READ MORE: PH, rest of Asia to see fastest air travel growth in next 20 years

Airlines expected to carry record passengers in 2024

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TAGS: air transport industry, aviation, Department of Transportation (DOTr), Singapore

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