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Key subsidiaries include Universal Robina and Cebu Pacific. Incorporated in November 1990, JG Summit Holdings was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia. [2] In 2010, JGSHI was one of the ten most profitable companies on the Philippine Stock Exchange. [3]
The airline resumed its Manila–Singapore flights on August 31, 2006, [20] and launched a direct flight from Cebu to Singapore on October 23. It was the first low-cost airline to serve the Cebu-Singapore-Cebu sector, [21] and competing directly with Singapore Airlines subsidiary SilkAir, the only Philippine carrier serving the route for years until Philippine Airlines resumed direct service ...
In 1996, Gokongwei was tasked by his father to take on the challenge of building a new low-cost airline, Cebu Pacific Air. [13] In February 1998, two years after the company's inception, Cebu Pacific Flight 387 crashed into a mountainside, killing all 104 people aboard. At the time, it was the nation's worst air disaster.
John Robinson Lim Gokongwei Jr. (traditional Chinese: 吳奕輝; simplified Chinese: 吴奕辉; Pe̍h-ōe-jī: Gô͘ E̍k-hui; pinyin: Wú Yìhuī; 11 August 1926 – 9 November 2019) [2] was a Filipino banker, businessman, investor, and philanthropist.
There are two main domestic airline groups doing business as Philippine Airlines and Cebu Pacific, with AirAsia Philippines competing on some international routes. The domestic market is dominated by the Cebu Pacific group which has a 53% market share, followed by the Philippine Airlines group which has 31%, followed by AirAsia, having a 16% share.
This is a list of airline holding companies, that either own more than one airline or are the parent company of a single airline.. A company or firm in which the holding company owns a significant portion of voting shares, usually 20–50% or a "minority of share ownership", is known as an associate company.
Cebgo, Inc., operating as Cebgo or Cebu Pacific Cargo (stylized in all lowercase as cebgo), is the regional brand cargo airline of Cebu Pacific. It is the successor company to SEAIR, Inc. , which previously operated as South East Asian Airlines and Tigerair Philippines . [ 4 ]
Cebu Pacific Air is an airline owned by Cebu-based Gokongwei family. On May 28, 2008, Cebu Pacific was named as the world's number one airline in terms of growth. The airline carried a total of almost 5.5 million passengers in 2007, up 57.4% from 2006. [81] On January 6, 2011, Cebu Pacific flew its 50 millionth passenger (from Manila to Beijing).