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Cebu Pacific “shelves” IPO plan; but fleet expansion not affected

4-Aug-2008

Cebu Pacific President, Lance Gokongwei, stated the airline has shelved plans for an IPO, originally scheduled in Feb-08, stating it would instead meet its financing requirements through loans and internally generated funds. According to Mr Gokongwei, "in this environment, nobody is going to market." [1236 words]

Unlock the following content in this report:

Subheadings:

  • To more than double fleet by FY14
  • Fuel glitch: Cebu to implement a range of cost-cutting measures
  • Cuts China services; but domestic expansion from Manila
  • New home in Terminal 3 at Manila Ninoy Aquino

Graphs and data:

  • Asia Pacific Airlines planning IPOs
  • Cebu Pacific fleet growth plan: Aug-08 to FY2014
  • 2007 domestic travel growth (%)
  • Cebu Pacific international capacity share (seats) by country: Week commencing 28-Jul-08
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