Aboitiz Completes Runway Upgrades at Laguindingan Airport

Summary

• Aboitiz InfraCapital completed major runway surface upgrades at Laguindingan International Airport, accelerating Phase 1 expansion timeline
• Airport capacity targeting 3.9 million passengers annually by end of 2026, up from current 1.6 million—143% increase
• International flight certification expected by late 2026, opening routes to Singapore, Middle East, and beyond
• P12.75 billion upgrade plan creating new commercial zones and logistics hubs—600+ hectares of aviation-adjacent development opportunity

News Content

Aboitiz InfraCapital, Inc. (AIC) completed critical runway surface upgrades at Laguindingan International Airport in early March 2026, marking significant progress on the ₱12.75 billion infrastructure concession initiated in October 2024. The runway work included repainting, inspection activities, rubber removal, and structural repairs—essential groundwork for increasing the airport's annual passenger handling capacity from 1.6 million to 3.9 million by year-end 2026. The Civil Aviation Authority of the Philippines (CAAP) is finalizing international certification, expected to be completed by late 2026. This positions Laguindingan (currently the Philippines' seventh-busiest gateway and Mindanao's second-largest airport) to launch international flights to Singapore, Middle East hubs, and Southeast Asian destinations. The expanded terminal, modernized cargo facilities, and enhanced ground transportation infrastructure are designed to support Mindanao's role as a regional logistics and trade hub.

Real Estate Outlook

The airport expansion is unlocking approximately 600 hectares of aviation-adjacent commercial and industrial development zones in Cagayan de Oro and surrounding municipalities. Property investors should monitor emerging commercial corridors within a 8km radius of the terminal, where hospitality, logistics, and mixed-use developments are already attracting regional and international operators. Commercial property values in these zones are projected to appreciate 20-35% through 2027 as international flight routes activate and cargo volumes increase.