Twenty days after the departure of American forces , the airport ushered in its first commercial flight from Taiwan via Makung . In February 1993 , NAS Cubi Point was converted to Cubi Point International Airport . To herald its designation as an international airport , President Fidel V. Ramos chose to arrive in November 1993 from an official visit to the United States using the airport . This flight also proved the capabilities of the airport as the President arrived aboard the delivery flight of Philippine Airlines 's first Boeing 747-400 . Construction of the present runway by Hanjin Heavy Industries and Construction commenced in 1993 and was completed in April 1995 , in time for the inaugural landing of FedEx Express MD-11 and the formal opening of FedEx 's AsiaOne hub . The newly renamed Subic Bay International Airport was formally opened on 30 September 1996 . The new 12.6-million passenger terminal built by Summa Kumagai Inc. ( a joint Filipino-Japanese venture ) was inaugurated on 4 November 1996 , in time for the 4th APEC Leaders ' Summit
4th APEC Leaders ' Summit
APEC Philippines 1996
Subic Bay International Airport