“Cebu Pacific has inked a deal to buy the local unit of Singapore-based Tiger Air, an acquisition that creates the Philippines’ largest budget airline,” reports ANC.
The report further explained: “The alliance will allow both carriers to collaborate on international and domestic routes to and from the Philippines.”
Under the deal, Cebu Pacific will buy 100 percent of Tiger Air Philippines, including the 40 percent stake of Tiger Air. But Tiger Air will initially continue to operate under Tiger Air brand.
Cebu Pacific currently has 48 aircraft, Tiger Air has five.
Photo by user Carabaopower via WikiCommons
