again be used for daily commercial passenger flights, with Air Juan flying their nine-seater amphibious aircraft to and from their private seaplane base in Manila South Harbor, located north of the CCP Complex. In 2018, Razon Group acquired Aviation Concepts Technical Services, Inc. (ACTSI) and signed a 25-year lease agreement (as well as a 25-year option) with the local government that will see the airport transformed into a regional business aviation hub, with a fifty plus years potential. The company is refurbishing its facility and targeting to its premiere upgrade in the third quarter of 2019. In July 2021, the airport was used again for repatriation flights of Overseas Filipino Workers (OFW) which were facilitated by Philippine Airlines. The activity led to the revival of a commercial flight schedule for the first time since 2011 despite the COVID-19 pandemic. Repatriation flights to the airport ended on 22 February 2022 after capacity restrictions at Ninoy Aquino International Airport were eased. Airlines and destinations Cargo airlines FedEx Express closed its hub at Subic Bay on 6 February 2009; this was the first hub to be closed in FedEx's history. The hub operation was relocated to Guangzhou Baiyun International Airport in China and while ground and technical operations were transferred to Clark International Airport in Clark Freeport Zone. FedEx's support company, Corporate Air, ceased all operations after the hub closure. Flight training ACE Pilots Aviation Academy Aero Equipment Aviation Inc. Alpha Aviation Group APG International Aviation Academy Asian Institute Of Aviation First Aviation Academy Inc. Laminar Aviation, Inc. OMNI Aviation Corporation The airport is also a base of a flight school Aeroflite Aviation Corp since 2006. Events Subic Bay International Airport hosted a number of wide-bodied aircraft during the seventh APEC Summit in 1996. They included a chartered Royal Brunei Airlines Airbus A340-200, Japanese Air Force One, and the Air Force One, among others. Incidents and accidents On October 18, 1999, FedEx Express Flight 87, a McDonnell Douglas MD-11F, suffered an accident. The plane was arriving from Shanghai Hongqiao International Airport; during the flight there was moderate turbulence and the crew failed to see an error in the airspeed. This meant that the plane landed at too high a speed. Upon landing at Subic Bay's runway 07, the plane continued on onto runway 25, hitting a concrete post and slamming into a wire fence before plunging into the bay. All of the plane