Aboitiz InfraCapital (AIC) manages the concession to upgrade, operate, and maintain Laguindingan International Airport in Misamis Oriental, the country's sixth-busiest gateway. This is the first successful airport public-private partnership project awarded via unsolicited bid by the current administration.Under the P12.75 billion concession agreement, AIC will undertake the airport's development and modernization over a 30-year period after the official turnover in April 2025. This includes renovating and expanding the passenger terminal, installing modern equipment, and enhancing airside and landside facilities.Expansion plans will be undertaken in two phases, increasing the airport's design capacity from the current 1.6 million people per annum (mppa) to 3.9 mppa for the first phase.