A leading business aviation firm in Asia is putting up a $ 40-million maintenance, repair and overhaul facility in Clark, sending a strong signal to the international community that the Philippines is ready to play a central role in the global aviation industry.
Executive Secretary Paquito N. Ochoa Jr. said on Tuesday that Metrojet, which owns a fleet of 26 aircraft of various types and capacities, will set up the facility in a three-hectare property inside the Clark Airport Complex, citing a report by Transportation and Communications Secretary Jose P. De Jesus to President Benigno Aquino III.
Metrojet, a part of Kadoorie Group which owns China Light and Power Company and the Peninsula Hotel Chain, is scheduled to begin construction of the project in June and commence operations by the end of the year in Clark, a former air base of the United States which is now home to commercial, industrial and hotel businesses.
It will offer a range of services such as aircraft charter, comprehensive aircraft management, maintenance, co-ownership programs, aircraft acquisition and sales.
The aviation firm’s proposed heavy maintenance for Clark will also include avionics upgrade and exterior paint work for aircraft.