Published May 24, 2021, 9:19 AM The Civil Aviation Authority of the Philippines (CAAP) handed over more than P21 billion in remittances to the National Treasury from 2016 to 2020, almost 20 times more than its total P1.3 billion remittance in the preceding 8 years (2008-2016). The agency’s total remittance is broken down as follows: P5.4 billion (2017), P6.2 billion (2018), P3.5 billion (2019), and P6 billion (2020). Civil_Aviation_Authority_of_the_Philippines_(CAAP).svg The feat solidified CAAP’s membership in the ‘Billionaires’ Club,’ the circle of government-owned and controlled corporations (GOCCs) which remitted billions of pesos in dividends and remittances to the national coffers. Last year alone, CAAP Director General Jim Sydiongco reported the agency remitted P6 billion to the government although the aviation industry was among the hardest-hit by the COVID-19 pandemic.