Cebu Pacific CEO Lance Gokongwei stated JG Summit Holdings, which controls Cebu Pacific, is considering bidding for some of nine government-owned airports in the Philippines that are to be privatised from 2011 as part of USD9 billion infrastructure upgrade programme (Financial Times, 01-Nov-2010). The Gokongwei Group is a potential partner in a series of infrastructure construction projects being considered by the government. Mr Gokongwei stated any potential conflicts between airport and airline operations could be minimised by the design of the regulatory regime.
Cebu Pacific's JG Summit Holdings considers airports bid
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Airports and Uber 2016: Transportation Network Companies now more welcome at airports. CAPA report
CAPA recently conducted a new survey of airports and their relations with and attitudes towards Uber and other Transportation Network Companies (TNCs). This follows a shorter questionnaire-based report published in Nov-2015.
TNCs are just one of the many methods of peer-to-peer car (or ride) sharing that are catching on globally as a result of the high costs of motoring and hiring traditional taxis, allied to the use of advanced technology platforms. They are the ultimate, most evident and visible statement of the sharing society - and millennials are the biggest adopters.
Peer-to-peer networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the application. They are said to form a peer-to-peer network of nodes.
While the direct peer-to-peer rental of motor vehicles where the renter drives for a short period of time (e.g. one to two hours) – either by corporations, through car clubs or even via manufacturers – in order (for example) to access or leave an airport is still in its infancy relatively speaking, the business of the TNCs is growing rapidly. Car sharing is expected to generate USD6.2 billion in annual revenues by 2020, from 12 million members worldwide. That revenue will increase as and when the TNCs move to corner that segment for themselves as well.
HNA's Avolon group to acquire CIT Commercial Air, creating world’s third largest aircraft lessor
HNA Group’s remarkable spending spree continues, with the announcement that its Avolon subsidiary will acquire CIT Commercial Air, the aircraft leasing arm of CIT Group.
The USD10 billion deal will create the world’s third largest lessor - and they may be more to come yet.
Avolon itself was only recently acquired by HNA Group, with the USD2.7 billion purchase agreement being finalised in Jan-2016, via Bohai Capital Holdings.
Avolon is now the core aircraft leasing brand for the HNA Group. Including assets from Hong Kong Aviation Capital, Bohai Capital and several smaller HNA Group leasing firms, Avolon has a fleet of nearly 250 aircraft and almost 200 more on order.