Ched Rick Gatchalian

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Dizon says CAAP foils attempt to de-register air assets of linked to Zaly Co

Andrea Taguines

ABS-CBN News

MANILA —  The Philippine government thwarted an alleged attempt by companies linked to resigned lawmaker Elizady Co to de-register some of their air assets, Public Works Secretary Vince Dizon said Tuesday. Dizon said this was reported to him by the Civil Aviation Authority of the Philippines (CAAP), which earlier collated a list of jets and helicopters worth nearly P5 billion registered under firms tied to Co and his family, such as Misibis Aviation and Development Corporation and top flood control contractor Hi-Tone construction and Development Corporation.Dizon had submitted this list to the Anti-Money Laundering Council, along with a request for a freeze order.“Merong tatlong chopper na sinubukan ide-register ng iba ibang kumpanya na konektado kay Congressman Zaldy Co,” Dizon said.“Ang pagkakasabi sakin ng CAAP, kaya yun dinede-register ay may plano silang ibenta. Dahil hindi mo maibebenta at hindi mabibili nung gustong bumili noon, kung hindi i-deregister sa Pilipinas. Ang maganda, napigilan natin,” he said.He added that CAAP remained vigilant against any similar attempts.“May standing order na ang CAAP na lahat nung air assets na inidentify natin, hindi pwedeng ide-register. Importante, mabilis tayong umaksyon,” he said.Dizon previously said that Co-linked Sunwest Inc. was behind five of seven substandard flood control projects in Oriental Mindoro. Based on the data obtained from the Securities and Exchange Commission, Co is among the incorporators of Sunwest Inc.Co, who used to chair the House Committee on Appropriations is also accused of proposing billions of pesos in insertions in the 2025 national budget that allegedly funded dubious infrastructure projects.<div><a href="https://www.abs-cbn.com/news/nation/2025/9/29/zaldy-co-resigns-as-house-representative-amid-flood-control-scandal-1600">Zaldy Co resigns as House representative amid flood control scandal</a></div>The freeze order for all these assets has not yet been released by the AMLC, but Dizon said the agency and the Independent Commission for Infrastructure (ICI) were set to come out with updates regarding that matter soon, especially after the panel recommended criminal charges against Co before the Office of the Ombudsman.“Kahit hindi umuwi si congressman Zaldy Co, we will go after all these assets: bank accounts, real property, air assets, potential sea assets, land assets or mga sasakyan, lahat yun kailangan habulin,” Dizon said.<div><a href="https://www.abs-cbn.com/news/nation/2025/9/30/ici-amlc-ink-deal-to-strengthen-cooperation-in-flood-control-probe-1431">ICI, AMLC agree to strengthen cooperation in flood control probe</a></div>

The Philippine government was able to thwart an attempt by companies linked to resigned Congressman Elizady Co to de-register some of their air assets, following a freeze order request by the Department of Public Works and Highways last week.

The Philippine government was able to thwart an attempt by companies linked to resigned Congressman Elizady Co to de-register some of their air assets, following a freeze order request by the Department of Public Works and Highways last week.

Dizon says CAAP foils attempt to de-register air assets linked to Zaldy Co

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Dizon says CAAP foils attempt to de-register air assets linked to Zaldy Co

Andrea Taguines,

ABS-CBN News

Published Sep 30, 2025 03:46 PM PHT

|

Updated Sep 30, 2025 04:07 PM PHT

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Vince Dizon

DPWH

Elizady Co

Air assets

CAAP

Civil Aviation Authority of the Philippines

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