Tuesday, May 18, 2021
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House bill seeks P40B relief for domestic airlines

House Bill 9324 or the proposed Air Carriers Relief Act aims to provide economic relief for the stricken air transport sector through loan...

Bicol International Airport over 82% complete, eyes 2021 opening

Construction works for Bicol International Airport, to be known as the “Most Scenic Gateway” of the country, is now 82.22% finished and scheduled...

Cebu Pacific fundraising plan raises P40.5B for COVID response

Cebu Pacific closed three major fundraising transactions totaling P40.5 billion (US$845 million) this year to address COVID-19-induced disruptions to its operations These fundraising...

PAL expands cargo business, sees it as revenue ‘lifeline’ during pandemic

Philippine Airlines (PAL) will keep growing its cargo business, which has become its “lifeline” during the COVID-19 pandemic For its expanded cargo operations,...

Cebu Pacific bares massive P7.3B net loss in Q1

Cebu Pacific recorded a net loss of P7.298 billion in the first quarter of 2021, 516.9% higher from the same period last year ...

Air freight prices strengthen as demand outstrips capacity  

The Baltic Air Freight Indices (BAI) increased by almost 17% in April over March, largely driven by China (Hong Kong and Shanghai) For...

Pandemic-hit Mactan-Cebu airport operator cuts deal with lenders

GMR Megawide Cebu Airports Corp., which operates Mactan-Cebu International Airport, executed an agreement with its lenders that will temporarily free up about P3.6...

Expanded Mactan-Cebu airport taxiway inaugurated

The newly completed Mactan-Cebu International Airport’s (MCIA) taxiway expansion will increase the gateway’s maximum aircraft movement capacity from 35 aircraft per hour to...

PH bans entry of South Asian travelers until May 14

Passengers coming from or who have been from Pakistan, Bangladesh, Nepal, and Sri Lanka are prohibited from entering the Philippines from May 7...

P627M renovated Calbayog Airport inaugurated  

The Department of Transportation and Civil Aviation Authority of the Philippines inaugurated the newly improved and modernized Calbayog Airport in Samar on May...