Cebu Pacific Acquires Tigerair Philippines

Manila—(PHStocks)—Tigerair and Cebu Pacific (PSE: CEB), the largest budget carriers based in Singapore and the Philippines respectively, have entered into a strategic alliance, wherein both parties will collaborate commercially and operationally on international and domestic air routes to and from the Philippines, thereby creating the biggest network of flights to the region. The alliance will allow both […]
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PHStocks Exclusive: Top 50 Stocks for April

PHStocks has compiled a list of the top 50 gainers for the month of March 2013. The percent growth is based on the closing prices on April 30. 1. Pancake House Inc. (PSE: PCKH): PhP12.70, +58.75% 2. IP Converge Data Center Inc. (PSE: CLOUD): PhP6.90, +51.65% 3. TKC Steel Corporation (PSE: T): PhP2.63, +49.43% 4. […]
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CEB Expands Philippine Route Network with Camiguin, Masbate Flights

Pasay—(PHStocks)—Cebu Pacific Air Inc. (PSE: CEB) unveils its two newest island destinations: Camiguin in Northern Mindanao and Masbate in the Bicol Region, with a PhP1 seat sale. The airline will launch direct flights from Cebu to Camiguin on April 15, 2013, and from Cebu to Masbate on June 1, 2013, using CEB’s ATR 72-500 aircraft fleet. CEB […]
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Domestic, International Expansion Boost Cebu Pacific Passenger Count to 13.26M in 2012

Pasay—(PHStocks)—Cebu Pacific Air Inc. (PSE: CEB) flew 13.26 million passengers from January to December 2012, an increase of 11% over 11.93 passengers in 2011. CEB attributes this increase to strategic expansion in its domestic and international operations in 2012. It launched direct flights from Manila to Hanoi, Siem Reap and Xiamen, as well as from Cebu to Bangkok and Kuala […]
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CEB Deal to Sell Airbus A319 Aircraft to Allegiant Fell Through

Pasay—(PHStocks)—Cebu Air Inc. (PSE: CEB) announced its proposed transaction to sell ten Airbus A319 aircraft to Allegiant Travel Company (NASDAQ: ALGT) has been terminated as the parties were not able to reach an agreement on certain terms of the transaction. The potential transaction was made public on July 30, 2012 after the signing of the letter of intent. […]
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CEB Sustains Cargo Lead from Jan-Sept 2012

Pasay—(PHStocks)—Cebu Pacific (PSE: CEB) achieved 48% market share in terms of domestic cargo from January to September 2012, according to recently released Civil Aeronautics Board data. CEB carried 70.4 million kilograms in cargo in the first nine months of 2012, besting the combined cargo loads (62 million) carried by both Philippine Airlines and Airphil Express. “This highlights […]
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CEB Flies Close to 9.8 Million Passengers from January to September 2012

Pasay—(PHStocks)—Cebu Pacific (PSE: CEB) flew close to 9.8 million passengers from January to September 2012, an increase of 12% compared to 8.7 million passengers flown in the same period last year. CEB’s passenger growth from January to September 2012 was driven mainly by the strengthening of the airline’s domestic route network out of Cebu, and additional […]
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JG Summit’s PhP9B Bonds Keep PRS Aaa Rating

Pasig—(PHStocks)—JG Summit Holdings Inc. (JGSHI, PSE: JGS), one of the largest and most diversified conglomerates in the Philippines, kept its issue credit rating of PRS Aaa for its PhP9 billion fixed rate retail bonds due in 2014. Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor’s capacity to meet […]
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