In 2015, both of the Filipino affiliates of AirAsia — AirAsia Zest and AirAsia Philippines were officially consolidated together to form a new brand and corporate identity as Philippines AirAsia.[4]
Prior to the 2022 amendment of the Public Service Act of the Philippines which removes foreign ownership restrictions in airlines, the law only allowed a foreign direct investment of up to 40% in Philippine-registered companies.[5] As such, AirAsia Group CEO Tony Fernandes entered into a 60-40 joint venture with Filipino investors Antonio O. Cojuangco, Jr., former owner of Associated Broadcasting Company and owner of Dream Satellite TV, Michael L. Romero, a real estate developer and port operator, and Marianne Hontiveros, a former music industry executive and TV host.[6] The Filipino investors have a 60% stake in the airline, while the remaining 40% belongs to AirAsia Investments Ltd. (later AirAsia Aviation Limited) of Malaysia.[7]
AirAsia Philippines was formally launched on 16 December 2010.[7] On 15 August 2011, AirAsia Philippines took delivery of its first brand-new Airbus A320 aircraft.[8] The airline planned to start operations by 2011[7] but was delayed due to the long duration of processing the new requirements instituted in 2008.[9]
On 7 February 2012, the airline received its air operator certificate.[9] The airline commenced operations on 28 March 2012 by launching flights from its base at Clark International Airport to Kalibo and Davao City.[10] It partnered with Victory Liner, one of the largest provincial bus companies operating in the Philippines, to provide free shuttle service for inbound and outbound passengers of Clark International Airport.[11] Within that year, in addition to its first two destinations, AirAsia Philippines launched flights to Puerto Princesa, Kuala Lumpur, Hong Kong, Singapore, and Taipei.[12]
Partnership with Zest Airways and consolidation
On 11 March 2013, an agreement was made between AirAsia Philippines to swap shares with Philippine-based airline Zest Airways.[13] Zest Airways received a mix of $16 million cash and a 13% share in AirAsia Philippines, while AirAsia Philippines now owns 85% of Zest Airways, with 49% of its voting rights. The deal closed on 10 May 2013. Due to this agreement, Alfredo Yao of Zest-O Corporation was added as an additional owner of the company. In 2015, both airlines merged to form Philippines AirAsia.[14]
The 2013 share swap agreement also gives AirAsia Philippines access to Ninoy Aquino International Airport, allowing further growth of its route network.[15] In September 2013, the airline announced that it will move its operations to NAIA from Clark.[16] The airline however restarted flights from Clark on 27 March 2017.[17]
On 30 July 2016, AirAsia Group CEO Tony Fernandes appointed Capt. Dexter Comendador as the new CEO of the company. Comendador joined Philippines AirAsia in 2011 as director of Flight Operations and was promoted to chief operating officer in 2015 before his appointment.[18] Comendador is also famous in the Philippine aviation community as one of the hero pilots of Philippine Airlines Flight 434 who was bombed by the terrorist Ramzi Yousef in 1994.
The COVID-19 pandemic has adversely affected Philippines AirAsia's business. Plans for Philippines AirAsia to debut in the Philippine Stock Exchange within 2020 was deferred in March 2020, with the airline management deciding to focus on expanding its domestic operations after a government ban on China and South Korea in response to the worsening health situation threatening 30% of the airlines' revenue.[19]
^Valdez, Denise A. (31 July 2019). "AirAsia PHL names new CEO". BusinessWorld.
^"AirAsia launches Philippine joint venture | The Manila Bulletin Newspaper Online". Manila Bulletin. from the original on 17 December 2010. Retrieved 2 June 2011.
^"Formerly Called Asian Spirit: What Happened To AirAsia Zest?". Simple Flying. 2022. Retrieved 12 December 2022.
^Atienza, Kyle Aristophere T. (22 March 2022). "Duterte signs law allowing full foreign ownership in key sectors". BusinessWorld. Retrieved 6 December 2022.
^"AirAsia insider: Marianne Hontiveros". Macroaxis. Retrieved 7 June 2013.
^ abcRimando, Lala (23 December 2010) [December 16, 2010]. "Asia's largest budget airline, Filipino partners take on local industry". ABS-CBN News. Retrieved 5 November 2022.
^Galang, Bernard (16 August 2011). "AirAsia first comm'l plane arrives at DMIA from France". People's Journal. Archived from the original on 16 April 2013.
^ ab"New kid on the block: AirAsia Philippines flying soon". Rappler. 7 February 2012. Retrieved 14 August 2022.
^Suarez, K. D. (28 March 2012). "Philippines' AirAsia finally takes off". Rappler. Retrieved 14 August 2022.
^Navales, Reynaldo G (April 8, 2012). . Sun.Star Pampanga. Archived from the original on January 8, 2014. Retrieved February 11, 2014.
^Clark International Airport Corporation (n.d.). Annual Report 2012 (PDF) (Report). p. 4. Retrieved 21 November 2022 – via Clark International Airport Corporation.
^Dumlao, Doris C. (11 March 2013). "AirAsia to acquire 40% of Zest Air". Inquirer Business. Retrieved 5 November 2022.
^. AirAsia. Archived from the original on 28 February 2017. Retrieved 27 February 2017.
^"AirAsia now controls Zest Air". ABS-CBN News. 24 May 2013. Retrieved 5 November 2022.
^Rivera, Danessa O. (13 September 2013). "Airasia Philippines moves operations hub to NAIA-4". GMA News. Retrieved 5 November 2022.
^Dela Paz, Chrisee (28 March 2017). "From 2 jets to 70: AirAsia returns to its Clark roots". Rappler. Retrieved 5 November 2022.
^Cordero, John Ted (9 July 2016). "PHL AirAsia names Comendador as interim CEO". GMA News Online.
^Camus, Miguel (2 March 2020). "COVID-19 crisis puts AirAsia IPO plan on hold". Philippine Daily Inquirer. Retrieved 2 March 2020.
^"Philippines AirAsia Resumes Osaka Service in Dec 2022". Aeroroutes. Retrieved 30 November 2022.
^CORDERO, TED. "AirAsia Philippines to launch Manila-Tokyo flight in Feb. 2023". GMA News Network. Retrieved 26 November 2022.
^Padronia, Earl Kim; Lorenciana, Carlo (16 August 2022). "AirAsia reopens Cebu hub, eyes more flights from MCIA". SunStar. Retrieved 5 November 2022.
^"Philippines AirAsia reopens Clark hub, ups frequencies". ch-aviation.com. 4 January 2022. Retrieved 5 November 2022.
^ abPiad, Tyrone Jasper (19 March 2022). "AirAsia adds more domestic flights as demand surges". Inquirer.net. Retrieved 8 April 2022.
^ abBalinbin, Arjay L. (22 January 2020). "AirAsia set to fly to Zamboanga, General Santos and Dumaguete". BusinessWorld.
^Vibal, Leana (9 December 2022). "This Low-Cost Airline Is Flying Direct to Kaohsiung in 2023". SPOT.ph. Retrieved 18 December 2022.
^Liu, Jim (23 January 2020). "Philippines AirAsia resumes Manila – Ho Chi Minh City service from late-March 2020". routesonline.com.
External links
Media related to Philippines AirAsia at Wikimedia Commons
January 03, 2023
philippines, airasia, cost, airline, based, ninoy, aquino, international, airport, metro, manila, philippines, airline, philippine, affiliate, airasia, cost, airline, based, malaysia, airline, started, joint, venture, among, three, filipino, investors, airasia. Philippines AirAsia Inc is a low cost airline based at Ninoy Aquino International Airport in Metro Manila in the Philippines 3 The airline is the Philippine affiliate of AirAsia a low cost airline based in Malaysia The airline started as a joint venture among three Filipino investors and AirAsia Investments Ltd later AirAsia Aviation Limited a subsidiary of AirAsia Berhad Philippines AirAsiaIATA ICAO CallsignZ2 APG COOL REDFounded16 December 2010 12 years ago 2010 12 16 Commenced operations28 March 2012 10 years ago 2012 03 28 Operating basesCebuClarkManilaFrequent flyer programBIG 1 Fleet size13Destinations29Parent companyAirAsiaHeadquartersPasay Metro ManilaKey peopleMarianne Victoria B Hontiveros Chairman Ricardo P Isla President amp Chief Executive Officer 2 Atty Josephine Joy D Caneba Vice President Dexter P Comendador COO Nancy Jane G Mejia CPA CFO Websiteairasia wbr comIn 2015 both of the Filipino affiliates of AirAsia AirAsia Zest and AirAsia Philippines were officially consolidated together to form a new brand and corporate identity as Philippines AirAsia 4 Contents 1 History 1 1 Beginnings 1 2 Partnership with Zest Airways and consolidation 2 Destinations 3 Fleet 4 Sports teams 5 See also 6 References 7 External linksHistory Edit An Airbus A320 200 operated by Philippines AirAsia in Puregold livery on final approach at Taipei Taoyuan Airport Beginnings Edit Prior to the 2022 amendment of the Public Service Act of the Philippines which removes foreign ownership restrictions in airlines the law only allowed a foreign direct investment of up to 40 in Philippine registered companies 5 As such AirAsia Group CEO Tony Fernandes entered into a 60 40 joint venture with Filipino investors Antonio O Cojuangco Jr former owner of Associated Broadcasting Company and owner of Dream Satellite TV Michael L Romero a real estate developer and port operator and Marianne Hontiveros a former music industry executive and TV host 6 The Filipino investors have a 60 stake in the airline while the remaining 40 belongs to AirAsia Investments Ltd later AirAsia Aviation Limited of Malaysia 7 AirAsia Philippines was formally launched on 16 December 2010 7 On 15 August 2011 AirAsia Philippines took delivery of its first brand new Airbus A320 aircraft 8 The airline planned to start operations by 2011 7 but was delayed due to the long duration of processing the new requirements instituted in 2008 9 On 7 February 2012 the airline received its air operator certificate 9 The airline commenced operations on 28 March 2012 by launching flights from its base at Clark International Airport to Kalibo and Davao City 10 It partnered with Victory Liner one of the largest provincial bus companies operating in the Philippines to provide free shuttle service for inbound and outbound passengers of Clark International Airport 11 Within that year in addition to its first two destinations AirAsia Philippines launched flights to Puerto Princesa Kuala Lumpur Hong Kong Singapore and Taipei 12 Partnership with Zest Airways and consolidation Edit On 11 March 2013 an agreement was made between AirAsia Philippines to swap shares with Philippine based airline Zest Airways 13 Zest Airways received a mix of 16 million cash and a 13 share in AirAsia Philippines while AirAsia Philippines now owns 85 of Zest Airways with 49 of its voting rights The deal closed on 10 May 2013 Due to this agreement Alfredo Yao of Zest O Corporation was added as an additional owner of the company In 2015 both airlines merged to form Philippines AirAsia 14 The 2013 share swap agreement also gives AirAsia Philippines access to Ninoy Aquino International Airport allowing further growth of its route network 15 In September 2013 the airline announced that it will move its operations to NAIA from Clark 16 The airline however restarted flights from Clark on 27 March 2017 17 On 30 July 2016 AirAsia Group CEO Tony Fernandes appointed Capt Dexter Comendador as the new CEO of the company Comendador joined Philippines AirAsia in 2011 as director of Flight Operations and was promoted to chief operating officer in 2015 before his appointment 18 Comendador is also famous in the Philippine aviation community as one of the hero pilots of Philippine Airlines Flight 434 who was bombed by the terrorist Ramzi Yousef in 1994 The COVID 19 pandemic has adversely affected Philippines AirAsia s business Plans for Philippines AirAsia to debut in the Philippine Stock Exchange within 2020 was deferred in March 2020 with the airline management deciding to focus on expanding its domestic operations after a government ban on China and South Korea in response to the worsening health situation threatening 30 of the airlines revenue 19 Destinations EditMain article List of AirAsia Group destinations Country City Airport Notes RefsChina Guangzhou Guangzhou Baiyun International AirportShanghai Shanghai Pudong International AirportShenzhen Shenzhen Bao an International AirportHong Kong Hong Kong Hong Kong International AirportIndonesia Denpasar Ngurah Rai International AirportJapan Osaka Kansai International Airport 20 Tokyo Narita International Airport Begins 1 February 2023 21 Macau Macau Macau International Airport TerminatedMalaysia Kota Kinabalu Kota Kinabalu International AirportKuala Lumpur Kuala Lumpur International AirportPhilippines Bacolod Bacolod Silay AirportCagayan de Oro Laguindingan AirportCaticlan Godofredo P Ramos AirportCebu Mactan Cebu International Airport Base 22 Clark Clark International Airport Base 23 Davao Francisco Bangoy International AirportDumaguete Sibulan Airport 24 General Santos General Santos International Airport 25 Iloilo Iloilo International AirportKalibo Kalibo International AirportManila Ninoy Aquino International Airport BasePuerto Princesa Puerto Princesa International AirportRoxas Roxas Airport 24 Tacloban Daniel Z Romualdez AirportTagbilaran Bohol Panglao International AirportZamboanga Zamboanga International Airport 25 Singapore Singapore Changi AirportSouth Korea Busan Gimhae International AirportSeoul Incheon International AirportTaiwan Kaohsiung Kaohsiung International Airport Resumes 7 January 2023 26 Taipei Taoyuan International AirportThailand Bangkok Don Mueang International AirportVietnam Ho Chi Minh City Tan Son Nhat International Airport Terminated 27 Fleet Edit An Airbus A320 200 As of November 2022 update the Philippines AirAsia fleet consists of the following aircraft Philippines AirAsia fleet Aircraft In service Orders Passengers NotesAirbus A320 200 13 180186Total 13 Sports teams EditAirAsia Philippine Patriots ASEAN Basketball League 2010 2012 AirAsia Flying Spikers Philippine Super Liga 2014 See also EditList of airlines of the Philippines List of airports in the Philippines List of companies of the Philippines List of low cost airlines Transportation in the PhilippinesReferences Edit Join BIG AirAsia BIG Loyalty Programme Archived from the original on 26 May 2008 Valdez Denise A 31 July 2019 AirAsia PHL names new CEO BusinessWorld AirAsia launches Philippine joint venture The Manila Bulletin Newspaper Online Manila Bulletin Archived from the original on 17 December 2010 Retrieved 2 June 2011 Formerly Called Asian Spirit What Happened To AirAsia Zest Simple Flying 2022 Retrieved 12 December 2022 Atienza Kyle Aristophere T 22 March 2022 Duterte signs law allowing full foreign ownership in key sectors BusinessWorld Retrieved 6 December 2022 AirAsia insider Marianne Hontiveros Macroaxis Retrieved 7 June 2013 a b c Rimando Lala 23 December 2010 December 16 2010 Asia s largest budget airline Filipino partners take on local industry ABS CBN News Retrieved 5 November 2022 Galang Bernard 16 August 2011 AirAsia first comm l plane arrives at DMIA from France People s Journal Archived from the original on 16 April 2013 a b New kid on the block AirAsia Philippines flying soon Rappler 7 February 2012 Retrieved 14 August 2022 Suarez K D 28 March 2012 Philippines AirAsia finally takes off Rappler Retrieved 14 August 2022 Navales Reynaldo G April 8 2012 Victory Liner AirAsia provide free shuttle for Clark passengers Sun Star Pampanga Archived from the original on January 8 2014 Retrieved February 11 2014 Clark International Airport Corporation n d Annual Report 2012 PDF Report p 4 Retrieved 21 November 2022 via Clark International Airport Corporation Dumlao Doris C 11 March 2013 AirAsia to acquire 40 of Zest Air Inquirer Business Retrieved 5 November 2022 Philippines AirAsia Organizational Structure AirAsia Archived from the original on 28 February 2017 Retrieved 27 February 2017 AirAsia now controls Zest Air ABS CBN News 24 May 2013 Retrieved 5 November 2022 Rivera Danessa O 13 September 2013 Airasia Philippines moves operations hub to NAIA 4 GMA News Retrieved 5 November 2022 Dela Paz Chrisee 28 March 2017 From 2 jets to 70 AirAsia returns to its Clark roots Rappler Retrieved 5 November 2022 Cordero John Ted 9 July 2016 PHL AirAsia names Comendador as interim CEO GMA News Online Camus Miguel 2 March 2020 COVID 19 crisis puts AirAsia IPO plan on hold Philippine Daily Inquirer Retrieved 2 March 2020 Philippines AirAsia Resumes Osaka Service in Dec 2022 Aeroroutes Retrieved 30 November 2022 CORDERO TED AirAsia Philippines to launch Manila Tokyo flight in Feb 2023 GMA News Network Retrieved 26 November 2022 Padronia Earl Kim Lorenciana Carlo 16 August 2022 AirAsia reopens Cebu hub eyes more flights from MCIA SunStar Retrieved 5 November 2022 Philippines AirAsia reopens Clark hub ups frequencies ch aviation com 4 January 2022 Retrieved 5 November 2022 a b Piad Tyrone Jasper 19 March 2022 AirAsia adds more domestic flights as demand surges Inquirer net Retrieved 8 April 2022 a b Balinbin Arjay L 22 January 2020 AirAsia set to fly to Zamboanga General Santos and Dumaguete BusinessWorld Vibal Leana 9 December 2022 This Low Cost Airline Is Flying Direct to Kaohsiung in 2023 SPOT ph Retrieved 18 December 2022 Liu Jim 23 January 2020 Philippines AirAsia resumes Manila Ho Chi Minh City service from late March 2020 routesonline com External links Edit Media related to Philippines AirAsia at Wikimedia Commons Retrieved from https en wikipedia org w index php title Philippines AirAsia amp oldid 1129098688, wikipedia, wiki, book, books, library,
