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Airplanes and mergers. Philippines: Cebu Pacific buys 100% of AirSwift

Ali Capital Corp's (Zobel de Ayalas) 'boutique airline' changes hands for $30.8 million

Cebu Pacific Air has announced that it has signed an agreement to acquire 100% of AirSwift through a share sale agreement with Ali Capital Corp (Zobel de Ayalas). The transaction is valued at Php 1.75 billion, equivalent to approximately USD 30.8 million. According to an official disclosure to the Philippine Stock Exchange, the purchase price was determined following market dynamics and considering...

red/f - 1260442
Manila, Philippines, 10/08/2024 12:09
AVIONEWS - World Aeronautical Press Agency

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