FILE PHOTO: The operator of Cebu Pacific bought Ayala-led ALI Capital Corp.’s boutique airline AirSwift for P1.75 billion, allowing the Gokongwei-led carrier to establish a route to popular tourist spot El Nido, Palawan. INQUIRER FILES

The operator of Cebu Pacific bought Ayala-led ALI Capital Corp.’s boutique airline AirSwift for P1.75 billion, allowing the Gokongwei-led carrier to establish a route to popular tourist spot El Nido, Palawan.

“This strategic decision allows both organizations to focus on their respective core businesses, enhancing operational focus and efficiency, and marks an exciting new chapter for both AirSwift and Cebu Pacific,” Cebu Air Inc. said in a statement Monday.

Article continues after this advertisement

AirSwift caters to flights from Manila and Clark to El Nido and from El Nido to Cebu, Boracay, Coron, and Bohol.

FEATURED STORIES BUSINESS National ID gives more Filipinos ‘face value BUSINESS BIZ BUZZ: Unwinding Gogoro … quietly BUSINESS Polvoron maker seeks P500 million capital for expansion

Back in July, the budget carrier shared its plan to acquire the boutique airline. AirSwift, around the same time, said it was also talking with other potential buyers.

Cebu Pacific sealed this acquisition after finalizing its P1.4-trillion aircraft order with European jet maker Airbus just last week.

Article continues after this advertisement

On Wednesday evening, Cebu Pacific, Airbus, and engine manufacturer Pratt & Whitney signed the budget carrier’s landmark P1.4-trillion aircraft order for up to 152 jets, the biggest deal in Philippine aviation history.

Article continues after this advertisement

This came about three months after the parties inked a binding memorandum of understanding for the purchase of A321neo (new engine option) aircraft.

Airbus will start delivering by 2029 the first batch of aircraft ordered by the budget carrier, which has been beefing up its fleet to strengthen domestic operations.

Your subscription could not be saved. Please try again. Your subscription has been successful.

Subscribe to our daily newsletter

SIGN ME UP

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.c88 game

READ NEXT 5 Must-try activities at Greenfield District: Featuring Fit Cr... UNWND Boutique Hotel Makati hosts Miss Asia Pacific 2024 Socia... EDITORS' PICK Kristine gets nearer; Metro Manila, 42 other areas under Signal No. 1 QC Mayor Belmonte highlights social services in State of City Address Heart Evangelista: Woman to woman, I never had a problem with Pia Wurtzbach ASF vaccination expands to bigger piggeries Sandro Marcos calls out VP Sara Duterte: ‘You crossed the line’ Israel strikes south Beirut after evacuation warnings MOST READ DILG identifies 38 hotspots ahead of 2025 polls LIVE UPDATES: Tropical Storm Kristine AFP reprimands cadet who asked for Marcos wrist watch WPS: US missile deployment to PH key for combat readiness – US general View comments

• c88 game
• Cebu
• Pacific
• buys
• AirSwift