Ayala-owned airline says 'exploring opportunities' with Cebu Pacific | ABS-CBN
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Ayala-owned airline says 'exploring opportunities' with Cebu Pacific
Ayala-owned airline says 'exploring opportunities' with Cebu Pacific
ABS-CBN News
Published Jul 23, 2024 01:42 PM PHT
An airplane takes off from the Ninoy Aquino International Airport (NAIA) on August 4, 2023. Jonathan Cellona, ABS-CBN News
An airplane takes off from the Ninoy Aquino International Airport (NAIA) on August 4, 2023. Jonathan Cellona, ABS-CBN NewsMANILA -- Ayala Land Inc. (ALI) on Tuesday confirmed that it is in exploratory talks with bugdet airline Cebu Pacific.
MANILA -- Ayala Land Inc. (ALI) on Tuesday confirmed that it is in exploratory talks with bugdet airline Cebu Pacific.
The company told the Philippine Stock Exchange that it is "exploring opportunities with CEB to improve our offerings."
The company told the Philippine Stock Exchange that it is "exploring opportunities with CEB to improve our offerings."
Ayala Land was reacting to a report on Cebu Pacific confirming that it is in talks with the former to buy its boutique airline, AirSWIFT.
Ayala Land was reacting to a report on Cebu Pacific confirming that it is in talks with the former to buy its boutique airline, AirSWIFT.
AirSWIFT is known for its fleet of planes that serve passengers in Boracay, El Nido, Cebu, Bohol, and other local destinations.
AirSWIFT is known for its fleet of planes that serve passengers in Boracay, El Nido, Cebu, Bohol, and other local destinations.
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"Ayala Land is committed to continuously enhancing its products and services for its customers. Our current major renovations of hotels and resorts are just one facet of our broader vision to redefine the customer experience," the company said.
"Ayala Land is committed to continuously enhancing its products and services for its customers. Our current major renovations of hotels and resorts are just one facet of our broader vision to redefine the customer experience," the company said.
"Should this discussion result in an agreement, then the proper public disclosures will be made," Ayala said.
"Should this discussion result in an agreement, then the proper public disclosures will be made," Ayala said.
"In the meantime, we are focused on providing our customers at AirSWIFT, El Nido Resorts, and Lio Hotels the best service experience," it added.
"In the meantime, we are focused on providing our customers at AirSWIFT, El Nido Resorts, and Lio Hotels the best service experience," it added.
Ayala Land told ABS-CBN News earlier this year that it is investing P100 billion this year, a majority of which will be for premium developments as its core properties or middle-income segment is not growing as much as expected.
Ayala Land told ABS-CBN News earlier this year that it is investing P100 billion this year, a majority of which will be for premium developments as its core properties or middle-income segment is not growing as much as expected.
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