Cebu Pacific Acquires Boutique Airline AirSWIFT in PHP 1.75 Billion Deal
AirSWIFT Cebu Pacific Integration: Cebu Pacific, the Philippines’ leading commercial carrier, has officially acquired boutique airline AirSWIFT Transport Inc. from ALI Capital Corporation in a landmark PHP 1.75 billion transaction. The acquisition agreement with ALI Capital, a wholly owned subsidiary of the nation’s largest property developer, Ayala Land, Inc., aims to boost local tourism, optimize…