Cebu Pacific buys AirSwift for P1.75 billion

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2 months ago

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

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airswift

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