Commercial Aircraft Corporation of China, Ltd. (COMAC) conducted flight displays of its ARJ21 and C919 commercial aircraft in Cambodia, a part of the Chinese plane maker to lay a foundation for the company’s future exploration of the Southeast Asian market.
The two planes, ARJ21 and C919, landed safely at Phnom Penh International Airport, said H.E Sin Chansereyvutha, Under-Secretary of State at the State Secretariat of Civil Aviation.
The ARJ21 made a demonstration flight, carrying representatives of some airlines and some guests to Siem Reap Angkor International Airport to showcase the flight of the aircraft, he said.
‘The main purpose of these flights is to demonstrate the good performance of aircraft and as a basis for future market expansion in Southeast Asia,’ he underlined.
Showcasing of the two jetliners in Cambodia was part of the COMAC’s demonstration flights in Southeast Asia – Vietnam, Laos, Cambodia, Malaysia and Indonesia.
C919 aircraft, the first jet type trunk liner independently develope
d by China in accordance with international airworthiness standards, has a layout of 158 to 192 seats, and a range of 4,075 to 5,555 kilometres.
For its part, ARJ21 aircraft is the first short-medium range turbofan regional aircraft, having a layout of 78 to 97 seats, and a range of 2,225 to 3,700 kilometres.
With three international airports, Cambodia has a number of airlines including national carrier, budget airlines and regional airlines as the country has opened up its airspace to a number of airlines and routes over the past decade.
Cambodia attracted some 5.43 million international tourists in 2023, a sharp increase of 139 percent from 2.27 million in 2022, according to the Ministry of Tourism.
Source: Agence Kampuchea Presse
MANILA: Magnate Manuel V. Pangilinan eyes 2024 as another banner year for Metro Pacific Investments Corp. (MPIC), reflecting the firm’s business confidence for the year.
In a press conference at MPIC’s headquarters in Pasig City Wednesday, Pangilinan said the company targets for another double-digit growth this year.
MPIC executive vice president and chief finance, risk and sustainability officer Chaye Cabal-Revilla said the company recorded a 90-percent growth in consolidated net income in 2023 at PHP19.9 billion, a record-high for the firm.
In 2022, MPIC’s consolidated net income was at PHP10.5 billion.
‘All of our core business segments performed consistently well in 2023. Meralco’s power generation business is becoming a steady contributor to its growth with promising expansion opportunities in the pipeline. Traffic on our toll roads under MPTC (Metro Pacific Tollways Corp.) is rising by double digits and Maynilad is benefiting from the catch-up of delayed tariff increases,’ said Pangilinan, MPIC chai
rman, president, and chief executive officer.
For this year, he expected the core businesses to remain as growth drivers for MPIC.
‘We are working hard to make 2024 another banner year for MPIC and our operating companies on the expectation that greater private sector participation in infrastructure development will help propel our nation to higher growth in the near term and further ahead,’ he added.
Meanwhile, Cabal-Revilla said MPIC set a capital expenditure of PHP140 billion this year-PHP40 billion for Meralco, PHP31.4 billion for Maynilad, and PHP28 billion for MPTC.
Aside from the three core operating companies, MPIC is also in healthcare, fuel storage, waste management, real estate and agribusiness. It is also the private operator of the LRT-1.
Source: Philippines News Agency