Statement from SMC SAP and Company Consortium

The SMC SAP and Co Consortium, composed of San Miguel Corporation, RMN Asian Logistics, RLW Aviation, and Incheon International Airport Corp., is honored to spearhead the long-awaited rehabilitation of the Ninoy Aquino International Airport (NAIA), as announced in today's press briefing.

We are grateful to the Department of Transportation (DOTr), led by Secretary Jaime Bautista, for conducting a fair and comprehensive bidding process. We also commend President Ferdinand Marcos Jr.'s administration for its commitment to modernizing NAIA.

Our proposal is designed not only to elevate NAIA to world-class standards but also to ensure that the government benefits from the most advantageous revenue-sharing agreement. This aims to secure a favorable outcome for our shareholders while prioritizing fairness and long-term sustainability over immediate profits.

Recognizing the weight of the responsibility entrusted to us, we are committed to collaborating closely with the government and our various stakeholders, harnessing every resource available to us, to transform NAIA into a modern international gateway that Filipinos will be proud of.