Philippines' Ayala Corporation and Aboitiz Equity Ventures signed (10-Sep-2012) an agreement to form a JV to bid for the PHP10 billion (USD240.4 million) contract to develop and operate Cebu Mactan International Airport. Philippines' Government is expected to announce the commencement of bidding for the project by the end of 2012. [more - original PR]
Ayala and Aboitiz to bid for Cebu Mactan Airport contract
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Cebu Pacific Air is again looking at expanding in the Australia market by launching flights to Melbourne. Efforts in recent months to improve Cebu Pacific’s performance in Sydney, which was launched in 2014, are bearing fruit and the airline is confident with Melbourne it can stimulate further demand in the Philippines-Australia market.
The LCC initially added Melbourne to its network plan in 2015 after the Philippines and Australia forged an extended air services agreement. But Cebu Pacific subsequently decided to shelve plans to launch Melbourne, and has instead been using additional A330 capacity to expand in its domestic and regional international market.
Melbourne is now back on the agenda and is the next priority – leapfrogging Honolulu – for Cebu Pacific’s long haul operation. A new partnership with Melbourne-based Tigerair Australia is a key driver in making Manila-Melbourne a viable route, along with the anticipated rapid growth in Australian visitor numbers to the Philippines.