Philippines AirAsia (PAA) applies to the Philippine government to operate flights to India from the Philippines. Read on to know more about it.
Philippines AirAsia Applies For Seven Weekly Flights
As Philippines AirAsia seeks to become the country's official carrier to India, it has applied to operate seven weekly flights from Manila to New Delhi via Bangkok in Thailand. This was in accordance with the existing air services agreement between the governments of the Philippines and India.
The government has to decide on the PAA's petition through a scheduled hearing on Tuesday at the Civil Aeronautics Board (CAB) office in Pasay City. Philippines AirAsia is a joint venture between Filipino investors and AirAsia International Ltd., a subsidiary of AirAsia Berhad. The Filipino investors include Antonio Cojuangco Jr., Micheal Romero and Marianne Hontiveros.
Philippines AirAsia's Expansion in 2016
In 2016, PAA offered direct flights from Cebu to Singapore. It also offered the public direct flights from Manila and Cebu to Taipei in Taiwan. Moreover, PAA financial performance in the third quarter of 2016 has improved due to higher revenues and increase in passengers. This gave the company a decrease in the net loss after tax of P1.2 billion compared to 2015's P1.36 billion resulting in a 12 percent decrease in net loss.
“We will take PAA (Philippines AirAsia) into the black by end-2017 on double-digit topline growth and a lower cost base from a more efficient fleet and keeping staff costs to below 10 percent of revenue,” The Philippine Star reported AirAsia Group chief executive officer (CEO )Tony Fernandes as saying.
Philippines AirAsia's Existing Operations
Philippines AirAsia is a wholly owned subsidiary of AirAsia Inc. (AAI). PAA has hubs in Ninoy Aquino International Airport (NAIA), Kalibo International Airport (KIA), Mactan-Cebu International Airport (MCIAA) and Puerto Princesa International Airport (PPIA).
PAA has domestics flights to Kalibo (Boracay), Puerto Princesa (Palawan), Tagbilaran (Bohol) and Cebu. The carrier also flies to China, Korea, Macau, Taipei, Hong Kong and Singapore.
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