Capital A Berhad, the parent firm of low-cost carrier Air Asia Philippines is planning to build a maintenance, repair, and overhaul (MRO) facility in Cagayan de Oro City which will require 1,300 workers. This was disclosed by Anthony Francis Fernandes, chief executive officer of Capital A at a press conference during the APEC Business Advisory Council (ABAC) meeting in Cebu. Mr. Fernandes said he had pledged to invest $1 billion to expand Capital A’s operations in the Philippines at a meeting with President Ferdinand R. Marcos, Jr.
While the news release referred to Cagayan de Oro, the MRO facility will probably be in the vicinity of Laguindingan Airport. Details in the link below.
