The two jets were recently spotted in Manila painted in the hybrid scheme before being ferried to Saudi Arabia. The arrangement is expected to last for Flyadeal's peak season and reflects rising cooperation between both low-cost carriers to address capacity constraints without committing to long-term fleet expansion.
Taipan Lucio Tan’s Philippine Airlines (PAL) has reshaped its leadership team with the formal appointment of Richard Nuttall as president and lawyer Carlos Luis Fernandez as chief operations officer.
The chief of the Gokongwei family-controlled budget airline lauded PAL for executing a successful bankruptcy exit and restructuring during the pandemic, which saw the balance sheet of the Lucio Tan-owned firm unburdened of $2 billion in debt.
Cebu Pacific is doubling down on its international expansion with a seat sale offering P699 one-way base fares to 26 global destinations, reinforcing its position as the Philippine carrier with the most international routes.
A Hong Kong investment fund appeared on the domestic radar as Philippine Airlines’ second-largest shareholder next to owner taipan Lucio Tan, after quietly buying P2.3 billion worth of shares from creditors stuck with equity after the flag carrier’s second bankruptcy.
Cebu Pacific remains upbeat about its long-term growth, banking on strong travel demand and past investments to steady profitability despite a sharp earnings drop in the first quarter.
Cebu Pacific (CEB), the country’s biggest carrier by passenger volume and fleet size, is ready to accelerate its post-pandemic expansion after a banner year.