The Philippines' leading carrier, Cebu Pacific (PSE: CEB) launches the initial phase of the Cebu Pacific – Tigerair strategic alliance today. Tigerair Philippines flights can now be booked through the Cebu Pacific website www.cebupacificair.com and other CEB booking channels.
Tigerair Philippines passengers with bookings made prior to March 20, can make changes in their flights through the organic ticket offices of Cebu Pacific and reservations hotlines:+(632) 7020-888 in Manila or +(6332) 230-8888 in Cebu.
Tigerair Philippines flights will continue to be operated out of the NAIA Terminal 4, while Cebu Pacific flights will remain to be at NAIA Terminal 3.
Cebu Pacific President and CEO, Mr. Lance Gokongwei said, "The strength of the alliance lies in our ability to offer our trademark lowest fares to the largest low cost network to, from, and within the Philippines. The alliance gives us an opportunity to serve new markets, like India and Australia, as we expand our route network with Tigerair."
Cebu Pacific has completed purchase of shares, including the 40% stake of Tiger Airways Holdings Limited (SGX: J7X.SI), in Tigerair Philippines. Cebu Air Inc has secured the approval of the Civil Aeronautics Board (CAB), and is now in the process of seeking congressional approval.
Tigerair Philippines President and CEO, Ms. Olive Ramos said that they are excited about the alliance. "We are excited to be part of the Cebu Pacific family. We are committed to do our part to contribute to the growth of our business: upholding the highest standard of excellence for performance and customer service thereby creating for our company a reputation beyond par in the Philippine aviation industry."
As part of the strategic alliance, Cebu Pacific announced it has closed its purchase of 100% of Tigerair Philippines, including the 40% stake of Tiger Airways Holdings Limited, earlier today. Upon full implementation of the alliance, the Cebu Pacific and Tigerair websites will be used as sales and distribution platforms to market all routes operated by both airlines. The carriers also expect to collaborate on other common destinations in Asia.
Cebu Pacific currently operates over 2,200 flights per week with 50 aircraft to 24 international and 33 Philippine cities in its network. Tigerair Philippines currently operates about 118 flights per week with five aircraft to 11 domestic and international destinations, from its bases in Manila and Clark.
By combining their resources, Cebu Pacific will be able to provide services to high growth markets including Australia, Myanmar, and India. Tigerair will be able to fly more passengers to additional cities in Cebu Pacific's extensive network in the Philippines and North Asia. Both airlines will be providing low cost airline services to over 100M potential passengers from different points in the alliance network.
About Cebu Air Inc. (PSE: CEB)
Cebu Air Inc. is the largest carrier in the Philippine air transportation industry, offering its low-cost services to more destinations and routes with higher flight frequency within the Philippines than any other airline.
CEB currently operates a fleet of 50 aircraft composed of 10 Airbus A319, 29 Airbus A320, 3 Airbus A330 and 8 ATR-72 500 aircraft. Its fleet is one of the youngest aircraft fleets in the world. Between 2014 and 2021, Cebu Pacific will take delivery of 13 more Airbus A320, 30 Airbus A321neo, and 3 Airbus A330 aircraft.
About Tigerair (SGX: J7X.SI)
Tigerair, established in 2004, is a leading Singapore-based no-frills airline that offers affordable travel options and a seamless customer experience.
Tigerair comprises three airlines, namely Tigerair Singapore, Tigerair Mandala and Tigerair Australia. Collectively, the Group's network extends to over 50 destinations across 14 countries in the Asia Pacific. As at 20 March 2014, Tigerair operates a fleet of 52 Airbus A320-family aircraft, averaging less than three years of age.
Tigerair empowers travellers to explore new destinations, and accumulate memorable experiences, by offering an increased network of destinations. It is also committed to maintaining the highest standards of safety, security and reliability. For more information, please visit www.tigerair.com