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Parent infuses cash into AirAsia PH

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Air Asia X A330-300_

Malaysia’s AirAsia Berhad, one of the largest budget carriers in the region, extended an $18-million loan (P788 million) to its Philippine unit, which it said would post a profit by the second half of 2014, according to a top official and regulatory filings.

Posted: August 29th, 2014 in Headlines | Read More »

Cebu Pacific allowed to fly to Myanmar, New Zealand

FILE PHOTO

Cebu Pacific Air, the country’s biggest budget carrier, has bagged regulatory approval to fly to new international destinations, including New Zealand and Myanmar.

Posted: August 29th, 2014 in Headlines | Read More »

JG Summit’s net profit grew by 151% to P13B in 1st half of 2014

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SCREENGRAB from www.jgsummit.com.ph

Gokongwei-led JG Summit Holdings Inc. jacked up its first semester net profit by 151.3 percent year-on-year to P13 billion as extraordinary items added to the growth in core earnings.

Posted: August 14th, 2014 in Latest Business Stories | Read More »

PAL gets go signal to fly over Russia

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FILE PHOTO

Flag carrier Philippine Airlines (PAL) has obtained regulatory approval to fly over Russia for its Manila to London route to cut travel time by as much as two hours while steering clear of any conflict areas, according to a statement issued Thursday.

Posted: July 25th, 2014 in Latest Business Stories | Read More »

Cebu Pacific gets nod to fly to US

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The US Department of Transportation has cleared budget carrier Cebu Pacific Air for flights to the United States as it noted the recent restoration of the Philippines’s Category 1 air safety status, a US government notice showed.

Posted: June 16th, 2014 in Headlines | Read More »

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