A supplier for aircraft manufacturer Boeing has secured a 25-year lease at the Clark Civil Aviation Complex, according to a report by Philstar Biz. The investment adds to the growing roster of aviation firms locating at the former US airbase, which is being developed into a premier aviation hub.
The Clark Civil Aviation Complex has been attracting aerospace companies due to its strategic location near Clark International Airport and its established infrastructure. The new lease signals continued confidence in the Philippines as a destination for high-value manufacturing and maintenance services.
No further details about the supplier's operations or planned investment amount were disclosed in the report. The development is expected to create jobs and strengthen the local supply chain for the aerospace industry.