Cebu Pacific inks P1.75-B deal to buy AirSwift

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2 months ago

Budget carrier Cebu Pacific will soon operate direct flights to popular tourist destination El Nido, Palawan, following its purchase of Zobel family-led boutique airline AirSwift Transport Inc. for P1.75 billion. On Monday, the Gokongwei-led airline announced it had inked the share purchase agreement with Ayala Land Inc. (ALI) subsidiary ALI Capital Corp. “We are excited

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