Cebu Pacific Defers A321NEO Aircraft Deliveries; Orders 7 A321CEO Planes

Cebu City—(PHStocks)—Leading Philippine carrier Cebu Pacific (PSE: CEB) has placed an order with Airbus for an additional seven A321CEO (Current Engine Option) aircraft, for delivery from March 2018. The aircraft will meet the airline’s increased capacity requirements pending the start of delivery of 32 A321NEO aircraft, which will now begin in fourth quarter of 2018. CEB […]
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Cebu Air Announces Dividend Policy

Cebu City—(PHStocks)—Cebu Air Inc. (PSE: CEB) has adopted a dividend payment policy of approximately 20% of the previous year’s earnings per share. The Board of Directors of Cebu Air Inc. has adopted a dividend policy to pay an annual dividend of approximately 20% of the previous year’s recurring earnings per share (per audited consolidated financial […]
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Cebu Pacific to Suspend Operations in Kuwait, Doha and Riyadh

Cebu City—(PHStocks)—Cebu Pacific Air (PSE: CEB) will suspend its service to and from the following destinations: Riyadh, Saudi Arabia; Kuwait; and Doha, Qatar. CEB will fly the last of its four-times-a-week service from Manila to Kuwait on June 13, 2017, and its Kuwait-Manila flight on June 14, 2017. The thrice-weekly Manila-Doha-Manila route will have its last […]
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Cebu Pacific and ANA Holdings Invest in Air Black Box Asia Pacific

Cebu City—(PHStocks)—ANA Holdings and Cebu Pacific (Cebu Air Inc., PSE: CEB) have joined Air Black Box Asia Pacific Pte Ltd as shareholders, as a signal of the carriers’ confidence in the leading airline technology company. Cebu Pacific is the parent for Cebgo and ANA Holdings is the parent company for ANA and Vanilla Air. Air […]
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JG Summit’s P30 Billion Bonds Keep Highest Rating

Pasig—(PHStocks)—The outstanding P30 Billion bond issue of JG Summit Holdings, Inc. (PSE: JGS), the holding company of the JG Summit Group, kept its PRS Aaa rating from Philippine Rating Services Corporation (PhilRatings). The rating also has a Stable outlook. JGSHI is a holding company for a group of companies with substantial business interests in branded […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in May 2016

Manila—(PHStocks)—Last month saw the Philippines’ presidential elections, and the looming change of administration in the country saw investor mood getting more positive, as seen in the mostly positive levels of the mainboard PSE index. We have yet to see really the impact of this new government in the country’s economy. Let’s just hope it’s for […]
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CEB Sells Four Airbus A319 Aircraft

Cebu—(PHStocks)—The Philippines’ leading carrier, Cebu Pacific Air (PSE: CEB), signed a forward sale agreement with a subsidiary of Allegiant Travel Company (NASDAQ: ALGT), covering Cebu Pacific’s sale of four Airbus A319 aircraft. Allegiant is the parent company of Las Vegas-based low-cost airline, Allegiant Air. Delivery of the four aircraft to Allegiant is scheduled from 2017 […]
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JG Summit 2015 Core Net Income Up 38%

Pasig—(PHStocks)—JG Summit Holdings Inc. (PSE: JGS) posted a 38.1% increase in consolidated core net income, earning a total of PhP28.05 billion in 2015 compared to PhP20.3 billion in 2014. The increase in core net income is due to the double-digit income growth in the company’s core operating businesses particularly in Cebu Air Inc. (Cebu Pacific, PSE: […]
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