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Monday, November 1, 2010

Owners of Cebu Air consider airports bid

The family business that controls Cebu Air, one of Asia’s biggest budget airlines, is considering bidding for some of nine government-owned airports in the Philippines that are to be privatised by president Benigno Aquino III beginning next year.

Lance Gokongwei, chief executive of Cebu Air, said JG Summit Holdings, the Gokongwei family company, was thinking seriously about acquiring some of the airports, which are to be privatised as part of a $9bn infrastructure upgrading programme.

By Roel Landingin and Kevin Brown in Manila

Published: November 1 2010 00:09 | Last updated: November 1 2010 00:09

Posted via email from Aviation Professionals dot Org

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