Biz Buzz: Dennis Uy’s sky-high dream
After building a fiber broadband empire, tech tycoon Dennis Anthony Uy is on the quest of conquering the sky next. And he wants to do this alongside local carriers like Philippine Airlines and Cebu Pacific.
“It is better we partner with these airline operators. So they will benefit,” the Pampanga-based businessman said.
Uy is referring to his P29.82-billion unsolicited proposal, through Comclark Network and Technology Corp., to upgrade and operate the country’s air navigation facilities.
Submitted just earlier this month, the goal of the proposal is to facilitate smooth operations of the airlines by modernizing the air traffic system. To recall, the country’s aviation facility stopped operating on Jan. 1 last year due to a power outage, leaving thousands of passengers stranded and disappointed.
Uy explained that an efficient air traffic management system would result in fuel savings, translating to less spending and even less carbon emission.
But for now, the project remains up in the air pending a regulatory review.
Will Uy reach his sky-high dream? Let’s see!
