DIVERSIFIED conglomerate San Miguel Corp. (SMC) has bagged the privatization project of the Ninoy Aquino International Airport's (NAIA) operations and maintenance.

According to Transportation Secretary Jaime Bautista, the SMC-SAP & Company Consortium emerged as the winning bidder of the NAIA Public-Private Partnership (PPP) project.

This was after they offered the highest share of its future revenues, when it comes to operating the airport to the government.

Likewise, the winning group is composed of San Miguel Holdings Corp., RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corp.