Cebu Pacific (CEB) said Monday it expanded its presence in the leisure travel market through the acquisition of AirSWIFT Transport Inc., a boutique
Cebu Pacific said Monday it expanded its presence in the leisure travel market through the acquisition of AirSWIFT Transport Inc., a boutique airline owned by the Ayala family.
Following the SPA, Cebu Pacific said there would be no change in AirSWIFT’s flight schedules and service. Its parent company ALI Capital is a wholly-owned subsidiary of Ayala Land Inc., the Philippines’ largest property developer. Cebu Pacific said it is committed to leveraging its operational expertise to integrate AirSWIFT into its network and offer more cost-effective options and enhanced accessibility for its growing customer base.
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