Cebu Pacific has acquired regional compatriot AirSWIFT in a deal worth Ps1.75 billion ($30.8 million). The acquisition – the subject of speculation in recent months – will see Cebu Pacific enter into a share purchase agreement with AirSWIFT parent company Ayala Land for 100% shareholding of the regional operator.

Budget carrier Cebu Pacific will soon operate direct flights to popular tourist destination El Nido, Palawan, following its purchase of Zobel family-led boutique airline AirSwift Transport Inc. for P1.

Low-cost carrier Cebu Pacific will add a niche route to its flight network with its acquisition of boutique airline AirSWIFT Transport Inc., which operates direct trips to El Nido, Palawan. Cebu Pacific yesterday confirmed a STAR report that it has acquired AirSWIFT for P1.

Philippines budget airline Cebu Pacific has agreed to acquire domestic airline AirSwift Transport Inc in a P1.75 billion share purchase deal

Cebu Pacific (CEB) said Monday it expanded its presence in the leisure travel market through the acquisition of AirSWIFT Transport Inc., a boutique

The Gokongweis are making a big bet on the growth potential of domestic travel as their budget carrier Cebu Pacific has bought out boutique airline AirSWIFT Transport Inc. for P1.75 billion.

MANILA, Philippines – The Gokongweis’ budget airline Cebu Pacific is buying boutique airline AirSWIFT Transport Incorporation from the Zobel de Ayalas’ ALI Capital Corporation for P1.75 billion.

SINGAPORE—Cebu Pacific Air has agreed to buy smaller Philippine carrier Airswift, which will see the ULCC absorb another five ATR turboprops into its fleet. Cebu Pacific has signed a share purchase agreement with Airswift's owner ALI Capital for all the carrier's shares for PHP1.75 billion ($31...

Cebu Air Inc., operator of low-cost carrier Cebu Pacific, officially took over AirSwift Transport Inc. following its acquisition of the latter’s entire stake from Ayala Land Inc. (ALI) for P1.75 billion.