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Cebu Pacific to purchase 100% stake in AirSWIFT in $30 million share purchase agreement

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Cebu Pacific to purchase 100% stake in AirSWIFT in $30 million share purchase agreement

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...

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