Economy


Region may lose P300-M with less flights




Posted on June 18, 2013


CAGAYAN DE ORO -- Northern Mindanao’s fresh produce traders could lose an estimated P300 million this year due to fewer flights to and from the new Laguindingan airport, the Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc., (Oro Chamber) said on Monday.

Efren T. Uy, Oro Chamber president, attributed the potential loss to the lack of night commercial flights at Laguindingan Airport as key navigational facilities and runway lights will not be installed until next year.

The old Lumbia Airport had at least six night flights before it was closed. Airlines could add afternoon flights to compensate, but this may not sufficiently offset the estimated loss.

"[Transport is done through] last flights at night to ensure the freshness of the products, especially marine goods, and now that there are no night flights, businessmen in the region will have a hard time [making adjustments]," Mr. Uy added. -- Christine H. Cabiasa