Aviation firm starts asset disposal, real property valuation

GROUNDS. Inside the Clark Civil Aviation Complex. (CIAC-CCO photo)

THE government-run Clark International Airport Corporation (CIAC) announced on Tuesday, November 24, the ongoing appraisal of its facilities and inventory of non-performing assets inside the Clark Civil Aviation Complex.

"One of our proactive responses to the pandemic is to conduct a thorough inventory of both fixed and movable assets, including nonperforming assets, which will be converted into additional revenues for the government," CIAC President Aaron Aquino said.

Aquino added that the appraisal is needed to determine the market value of these facilities and to ensure a just and efficient real property valuation system beneficial to the government.

He also said the appraisal committee were instructed to inspect and create an updated database of CIAC's real property, facilities and equipment.

The committee is led by two CIAC vice presidents, Irish Calaguas of the operations group and Nancy Paglinawan of the finance office, along with property management staff and a licensed third-party appraiser.

Clearing operations have started in areas around buildings, including idle facilities, as well as, engineering works and identification of market value of all structures within the aviation complex.

Aquino said that leasable lands with or without buildings need to be appealing to an investment hub like Clark.

The public bidding for CIAC's unserviceable assets such as service vehicles, various information technology equipment, machinery, and office fixtures and furniture will be announced on the agency's website at

The civil aviation complex is home to the privately-run Clark International Airport, the mixed-use business district Clark Global City, and around 45 locators in cargo and aviation-related businesses. (PR)


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