Clark International Airport Corp. (CIAC) said the government-run aviation firm remains financially strong in spite of the privatized Clark International Airport that it was able to remit P203 million as dividends to the national government in 2023.
Arrey Perez, CIC president, said the remittance is 12 percent higher than the agency’s 2022 remittance of P180.4 million.
Perez in 2018 when airport operations and management were still under the CIAC, the agency was able to pay dividends amounting to P156.7 million.
“Our remittance dwindled to P95 million in 2020 after the airport was privatized, but this year’s amount of P203 million remitted to the national treasury, so far, is the CIAC’s biggest dividends share,” he added. Perez attributed the increase in revenues to the corporation’s “fiscal discipline, a dynamic finance team which made us a debt-free and financially healthy government corporation, the efficient collection from the leases of locators at the Clark civil aviation complex, and the entry of new investments”, as reasons for the agency’s strong financial standing.
