Cebu Pacific (CEB) signed a share purchase agreement with ALI Capital for the acquisition of AirSWIFT for 1.75bn Philippine pesos ($30.7 million), the company said in a stock filing on October 7, 2024. The acquisition was approved by ALI Capital and Cebu’s board of directors. “Following its purchase, CEB will eventually add El Nido to its routes, widening its network which will contribute to growth opportunities, and leveraging its operational expertise to be able to offer more cost-effective options for its growing customer base,” Cebu said in a statement. “With this, the acquisition of AirSWIFT is expected to have a

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