Cebu Pacific scoops up AirSWIFT from Ayalas’ ALI Capital for P1.75B

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Cebu Pacific scoops up AirSWIFT from Ayalas’ ALI Capital for P1.75B
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Cebu Pacific says it plans to continue AirSWIFT’s flight schedules and service as is

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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 continues to undertake measures to boost connectivity to various Philippine destinations while offering low fares, thus contributing to economic growth and tourism development goals,” Cebu Pacific President and Chief Commercial Officer Xander Lao said.

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