Low-cost carrier Cebu Pacific will add a niche route to its flight network with its acquisition of boutique airline AirSWIFT Transport Inc., which operates direct trips to El Nido, Palawan. Cebu Pacific yesterday confirmed a STAR report that it has acquired AirSWIFT for P1.

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.

Philippines budget airline Cebu Pacific has agreed to acquire domestic airline AirSwift Transport Inc in a P1.75 billion share purchase deal

Cebu Pacific has acquired regional compatriot AirSWIFT in a deal worth Ps1.75 billion ($30.8 million). The acquisition – the subject of speculation in recent months – will see Cebu Pacific enter into a share purchase agreement with AirSWIFT parent company Ayala Land for 100% shareholding of the regional operator.

The Gokongweis are making a big bet on the growth potential of domestic travel as their budget carrier Cebu Pacific has bought out boutique airline AirSWIFT Transport Inc. for P1.75 billion.

MANILA, Philippines – The Gokongweis’ budget airline Cebu Pacific is buying boutique airline AirSWIFT Transport Incorporation from the Zobel de Ayalas’ ALI Capital Corporation for P1.75 billion.

Cebu Pacific (CEB) said Monday it expanded its presence in the leisure travel market through the acquisition of AirSWIFT Transport Inc., a boutique

Gokongwei-led airline Cebu Pacific (CEB) announced Monday it has signed a share purchase agreement with ALI Capital Corp. to buy 100 percent stake in boutique airline AirSWIFT. The acquisition worth PHP1.

Gokongwei-led budget carrier Cebu Pacific on Monday said it has inked a P1.75-billion share purchase agreement (SPA) with ALI Capital Corp. to acquire 100% of the shares of boutique airline operator AirSWIFT Transport Inc.