Gov’t-owned aerospace firm to be abolished for not producing planes for 45 years

Darryl Esguerra
PUBLISHED December 28, 2017 09:23 am
Philippine Aerospace Development Corp. (PADC)

(Inside Manila) State-owned Philippine Aerospace Development Corp. (PADC) will be abolished after it failed to deliver its goal for 45 years—make the Philippines self-reliant when it comes to designing and producing airplanes .

Finance Secretary Carlos Dominguez III said the abolition of PADC was raised during a recent meeting of the Governance Commission for GOCCs (GCG).

Created on September 5, 1973 by virtue of Presidential Decree (PD) 286, the firm is mandated to undertake “business and development activities for the establishment of a reliable aviation and aerospace industry within the Philippines.”

It is also supposed to be engaged “in the design, manufacturing, and sale of all forms of aircraft” and develop “local capabilities in the maintenance, repair, and modification of aviation equipment.”

According to reports, PADC attempted to develop a locally-made helicopter, the Hummingbird, and a single-engine trainer called the Defiant in the ‘80s but was forced to drop the programs due to licensing issues and the lack of government support.



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