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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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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Domestic Air Travel Seen Recovering

Domestic aviation is on an uptrend as airlines such as Cebu Pacific (PSE: CEB) and Philippine Airlines (PSE: PAL) lead the way in terms of fleet expansion. All domestic carriers tracked by the Civil Aeronautics Board (CAB) carried about 20.35 million passengers in terms of domestic scheduled flights in 2014. Although the growth rate was […]
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Phoenix Petroleum, Cebu Pacific Sign 10‐year Supply Contract

Manila—(PHStocks)—Leading independent oil company Phoenix Petroleum Philippines and leading carrier Cebu Pacific marked a decade of strong and indispensable partnership with the signing of a 10‐year renewable supply contract recently. Under the agreement, Phoenix Petroleum will construct a Jet A‐1 storage facility in Tayud, Consolacion, Cebu, to be used by Cebu Pacific to store their […]
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