
Aboitiz InfraCapital Inc. (AIC), the infrastructure arm of the Aboitiz Group led by billionaire Sabin Aboitiz, officially takes over the operations and maintenance of Bohol-Panglao International Airport (BPIA) starting today, following its successful no-competition bid worth $81.18 million (₱4.53 billion).
Major Expansion in Philippine Aviation Sector
This marks a significant milestone for AIC as it aggressively expands its footprint in the Philippine aviation industry. BPIA, which opened in November 2018 on Panglao Island, Bohol, replaced the older Tagbilaran Airport to accommodate the rising tourism demand in the region.
The 30-year concession agreement includes comprehensive upgrades, expansion, and maintenance of the airport facilities.
Investment and Capacity Upgrades
AIC plans to invest ₱4.53 billion to modernize BPIA, including expanding the passenger terminal, installing state-of-the-art aviation systems, and enhancing both airside and landside facilities.
The company aims to increase the airport’s annual passenger capacity from 2 million to 2.5 million within two years, with a further expansion to 3.9 million passengers expected by 2030.
Strategic Importance and Vision
Cosette Canilao, AIC President and CEO, emphasized that the modernization of BPIA is not merely about infrastructure upgrades but also about supporting Bohol’s growth as a vibrant tourism and economic hub in the Visayas region.
The development aligns with the Philippine government’s infrastructure advancement goals and reinforces Aboitiz’s commitment to enhancing regional gateways.
Expanding Airport Portfolio
This takeover adds to Aboitiz’s growing portfolio of airports, which includes Mactan-Cebu International Airport and Laguindingan International Airport. The latter was officially handed over to AIC in April 2025.
Aboitiz’s acquisition of Mactan-Cebu International Airport in 2022 for ₱25 billion marked the company’s strong entry into the country’s aviation infrastructure sector.
Official Signing and Future Outlook
The concession agreement was officially signed in December 2024, with President Ferdinand Marcos Jr. and Aboitiz Group CEO Sabin Aboitiz leading the ceremony. Sabin Aboitiz expressed the goal of transforming BPIA into a world-class gateway that significantly improves passenger experience and supports local tourism and economic growth.
With this strategic move, Aboitiz InfraCapital is poised to elevate Bohol-Panglao International Airport into a premier regional airport, fostering increased connectivity and economic development in the Visayas and beyond.