The Clark International Airport Corporation (CIAC) has finalized two strategic lease agreements aimed at expanding operations at the Clark Aviation Capital in the Philippines.
The government-owned entity, which manages the aviation hub, confirmed the deals as part of a broader push to attract aerospace and logistics tenants to the zone.
The leases are designed to enhance the facility's capacity and service offerings, aligning with the Philippine government's strategy to position Clark as a key node in regional supply chains.
By securing long-term commitments from new operators, CIAC aims to stabilize revenue streams and accelerate infrastructure upgrades at the site.
This development follows a series of recent investments in the Clark Freeport Zone, including a long-term power purchase agreement for a 1,500 MWh onsite solar installation by FCC (Philippines) Corp. The solar deal, signed with Peak Energy, underscores the growing focus on sustainable energy infrastructure to support industrial growth in the region.
The expansion of the Clark Aviation Capital comes as global aerospace and defense sectors see increased activity, with similar infrastructure deals emerging elsewhere, such as Maritime Launch Services' agreement with German manufacturer Isar Aerospace.