Davao International Airport, formally known as Francisco Bangoy International Airport, is the main airport of the Philippines' third main island - Mindanao. It is the nearest airport to Mount Apo, the country's highest peak and a popular hiking destination among Filipino mountaineers. The Davao International Airport has been upgraded to be an integral part of tourism in Mindanao and to attract foreign investment in the region. The airport development was funded by the Asian Development Bank and European Investment Bank. Currently, the Davao International Airport can handle an estimated 2 million passengers and about 84,000 metric tons of cargo annually.
Despite being considered as an international airport, Davao International Airport is presently servicing only one international destination - Singapore. However, the Philippine government has recently implemented a "pocket open skies" policy which effectively allows foreign air carriers access to international airports aside from the Ninoy Aquino International Airport, the Philippines' main international gateway. This policy is expect to bring a wider range of airline options for foreign and local travellers alike.