Philippines' airport in Clark, which is currently more commonly known as Diosdado Macapagal International Airport (DMIA), will soon be called Clark International Airport (CIA).
While the DMIA name will remain in use at the passenger terminal, the entire complex will be renamed as CIA, said a spokesman.
"The Clark International Airport Corporation (CIAC) Board will discuss the matter further," he added without elaborating further.
DMIA was named after the country's ninth president, Diosdado Macapagal.
In addition, the CIAC is proposing to build a budget terminal similar to the ones in Singapore and Kuala Lumpur for low-cost carriers to operate from. The proposal is being studied by the country's department of transportation and communications.
If approved, the terminal is expected to cost Philippine pesos (Ps) 12 billion ($282.4 million) and be able to handle 10 million passengers annually.
"The existing terminal is too small with only a capacity of two million passengers," said the spokesman.
AirAsia Philippines will be based at the airport once it begins operations in April. Meanwhile, the existing terminal is undergoing a Ps360 million expansion work.