AirAsia acquires 49 percent of Zest Air
The Philippine unit of AirAsia has expanded its foothold in the country’s airline market by acquiring 49 percent of local budget carrier Zest Airways Inc.
The Philippine unit of AirAsia has expanded its foothold in the country’s airline market by acquiring 49 percent of local budget carrier Zest Airways Inc.
Local budget carrier Zest Airways and Malaysia’s AirAsia group are forming a strategic partnership in the airline business in a bid to create a stronger player in the highly competitive Philippine aviation industry.
Local Zest Airways has tapped the services of one of the country’s foremost third-party pilot training centers as the airline looks to expand its domestic and international operations.
Traveling to Shanghai, China, will be a lot cheaper when Zest Air launches its Manila-Shanghai direct service in June with an introductory fare of P1,488 (exclusive of applicable taxes, surcharges and Philippine travel tax). Zest Air chief executive officer Alfredo M. Yao said in a statement that the offer was good for limited seats only [...]
Zest Air has started flying direct from Manila to Quanzhou and Jinjiang, China.
Zest Airways recently received delivery of its tenth Airbus (A-320), expanding its fleet to 10 airbuses and 3 MA-60s.
Zest Air has reported a big improvement in the efficiency of its cargo operations due largely to the automation of its system.
Zest Airways Inc. president and CEO Alfredo M. Yao said the airline was expanding its Airbus fleet as part of efforts to attract the growing number of tourists to and from China and other Asian destinations.
LOW-PROFILE Chinese-Filipino magnate Alfredo Yao is not only refleeting his airline Zest Air to serve a niche market in aviation. Yao, with most of his businesses (like Zest Air) acquired in what he described as an “accidental” manner, recently diversified into the pharmaceutical business. The businessman has bought the aspirin brand “Cortal,” which was popular [...]
