Philippines AirAsia
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| Founded | December 2010 | ||||||
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| Frequent-flyer program | BIG | ||||||
| Fleet size | 15 | ||||||
| Destinations | 12 | ||||||
| Headquarters | Pasay, Metro Manila | ||||||
| Key people | Antonio O. Cojuangco, Jr. (Chairman) Michael L. Romero (Vice-Chairman) Capt. Dexter Comendador (CEO) |
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| Website | www |
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AirAsia Inc., operating as Philippines AirAsia (previously, AirAsia Philippines until 2015), is a low-cost airline based at Ninoy Aquino International Airport in Metro Manila in the Philippines. The airline is the Philippine affiliate of AirAsia, a low-cost airline based in Malaysia. The airline started as a joint venture between three Filipino investors and AirAsia International Ltd, a subsidiary of AirAsia Berhad.
The original Filipino group includes: Antonio O. Cojuangco, Jr., former owner of Associated Broadcasting Company/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. In 2013, a share-swap agreement with Zest Airways added Alfredo Yao of Zest-O Corporation as an additional owner of the company. Zest Airways was rebranded as AirAsia Zest and operated as a separate brand from AirAsia until merged into Philippines AirAsia in January 2016.
Since section 10, Article XII of the Philippine Constitution does not allow 100% foreign ownership of a Philippine-registered business, Malaysian investor Tony Fernandes entered into a 40-60 joint venture with a group of Filipino business people. The joint venture application was approved on December 7, 2010 by the Board of Investments of the Philippines.
On August 15, 2011, AirAsia Philippines took delivery of its first aircraft, a brand-new Airbus A320 which arrived at Clark International Airport in Clark, Angeles City, Pampanga. On November 8, 2011, AirAsia Philippines took delivery of its second A320.
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Wikipedia