Cebu Air Board of Directors Approves Share Buyback Program

The Board of Directors of Cebu Air Inc. (PSE: CEB) recently approved the creation and implementation of a share buyback program involving up to PhP2 billion worth of the company’s common shares, representing approximately 4.22% of the company’s current market capitalization.

The share buyback program is expected to enhance shareholder value and to manifest confidence in the corporation’s value and prospects.

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