Unsolicited bid for Iloilo International Airport rejected by officials

On 2026-04-14, the Civil Aviation Authority of the Philippines rejected Prime Asset Ventures, Inc.'s unsolicited P21-billion proposal to upgrade and operate Iloilo International Airport. Officials said the bid lacked required documentation, including endorsement to the Department of Economy, Planning, and Development. The Department of Transportation and CAAP are the designated implementing agencies, and the government is considering a solicited procurement mode instead.