Cebu Pacific acquires Tigerair Philippines

Cebu Pacific operator Cebu Air Inc. announced today that it is buying Tigerair Philippines as part of its vital business alliance with Tigerair Singapore.

Cebu Pacific buys Tiger Air Philippines

The tying of the two Tigerair service hubs is hoped to open both airlines the way to expand networks to more areas in Western Asia and the Pacific.

Cebu Pacific president and CEO Lance Gokongwei told media:
This strategic alliance will allow both Cebu Pacific and Tigerair to leverage on our extensive networks spanning from North Asia, ASEAN, Australia, India, all the way to the Middle East
Hence, Cebu Pacific happily shared that the airline customers can expect an even wider range of travel options shortly, while enjoying the same low fares advantages.
Our customers can expect an even wider range of travel options, and seamless travel connections while enjoying our trademark low fares
Cebu Pacific said, the acquisition of Tigerair Philippines is estimated at $15 million or P672 million more or less.

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