AirAsia Philippines Leasing 16 Aircraft
The Manila Bulletin recently reported that newly licensed AirAsia Inc. (Philippines) will lease 14-16 Airbus 320 planes to service domestic and international routes within 1.5 to 4 hours flight from its Clark, Pampanga hub in the next five years.
The airline on Wednesday received its commercial air carrier certificate (AOC) from the Civil Aviation Authority of the Philippines (CAAP) in the latter’s Manila office.
In March, last year, AirAsia Inc. registered with the Securities and Exchange Commission (SEC) to engage primarily in the business of air transportation in the Philippines and abroad for passenger and cargo.
AirAsia Inc. is a 60-40 joint venture between Filipino investors Antonio O. Cojuangco, Michael L. Romero and Marianne B. Hontiveros with Malaysia’s AirAsia International Ltd., a wholly-owned subsidiary of AirAsia Berhad.