Upgrades expected at Naia after MIAA-BCDA property deal

MANILA, Philippines—The Manila International Airport Authority (MIAA) has gained ownership of a property occupied by Ninoy Aquino International Airport (Naia) Terminal 3 after agreeing to pay P48 billion to the Bases Conversion and Development Authority (BCDA). The agreement is expected to allow MIAA to pursue substantial and lasting investments that will help enhance passenger experience,