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Expiring PEZA service providers’ LOAs automatically extended

Expiring PEZA service providers’ LOAs automatically extended

Apr. 3 | The Philippine Economic Zone Authority (PEZA) has automatically extended all accredited service providers’ Letters of Authority (LOA) expiring during the enhanced community quarantine period (ECQ) in Luzon. The automatic extension of expiring LOA covers...

COVID-19 an ‘existential’ threat as airports face multi-billion dollar losses

COVID-19 an ‘existential’ threat as airports face multi-billion dollar losses

Apr. 2 | The COVID-19 pandemic is an “existential threat” to the airport business and is predicted to wipe out two-fifths of global passenger traffic and almost half of revenues for airports in 2020, according to an economic analysis by Airports Council...

Medical supplies, equipment get import duty, tax exemption

Medical supplies, equipment get import duty, tax exemption

Apr. 1 | Image by Gerd Altmann from Pixabay Imported medical supplies and equipment needed to address the outbreak of the coronavirus disease (COVID-19) in the Philippines are now tax- and duty-free under Customs Administrative Order (CAO) No. 07-2020. The order...

Cebu Pacific posts strong P9B earnings in 2019 on back of higher traffic

Cebu Pacific posts strong P9B earnings in 2019 on back of higher traffic

Apr. 1 | Low-cost carrier Cebu Pacific reported a net income of P9.123 billion in 2019, an increase of 132.6% from the P3.923 billion net income earned in 2018. Revenues for 2019 amounted to P84.807 billion, up 14.4% from the P74.114 billion posted in 2018, according...

Airlines face $61B cash burn, $39B net loss in Q2

Airlines face $61B cash burn, $39B net loss in Q2

Apr. 1 | Air carriers could burn through US$61 billion of their cash reserves and post a net loss of $39 billion during the second quarter if severe travel restrictions last for three months, according to a new analysis by the International Air Transport Association...

HKIA sets new round of HK$1B relief aid for airport community

HKIA sets new round of HK$1B relief aid for airport community

Mar. 30 | A HKD1 billion (US$129 million) relief package for the stricken Hong Kong airport community has been launched to mitigate the continuing impact of the COVID-19 outbreak on the industry, Airport Authority (AA), operator and developer of Hong Kong International...

DOTr lines up measures for aviation sector, eyes rental holiday

DOTr lines up measures for aviation sector, eyes rental holiday

Mar. 28 | Image by Free-Photos from Pixabay The Department of Transportation (DOTr) is mapping out contingency measures to help the troubled Philippine aviation sector affected by global travel restrictions due to the coronavirus disease (COVID-19). DOTr said it...

Airport traffic in Jan already shows COVID-19’s rapid impact in APAC

Airport traffic in Jan already shows COVID-19’s rapid impact in APAC

Mar. 27 | Global airport traffic for January already showed the rapid impact of the COVID-19 outbreak on aviation, especially in the Asia-Pacific (APAC) region, according to Airports Council International (ACI) World. Global passenger traffic grew by just 1.9%...

Only NAIA Terminal 1 to remain operational during ECQ

Only NAIA Terminal 1 to remain operational during ECQ

Mar. 26 | All remaining flights at Ninoy Aquino International Airport (NAIA) will operate out of Terminal 1 as more and more air carriers suspend operations due to the coronavirus disease (COVID-19) outbreak, according to Manila International Airport Authority...

Cebu province under ECQ from Mar 27; cargo activities unhampered

Cebu province under ECQ from Mar 27; cargo activities unhampered

Mar. 26 | Cebu International Port The province of Cebu will be placed under enhanced community quarantine (ECQ) beginning March 27, 2020 to stop the further spread of the coronavirus disease (COVID-19). Under Executive Order (EO) No. 5-N, signed on March 25 by...