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The airline was founded as Asian Spirit, the first airline in the Philippines to be run as a cooperative. After its acquisition by AMY Holdings of businessman Alfredo Yao in 2008, the airline was rebranded as Zest Airways. In 2013, the airline was rebranded as AirAsia Zest and became an affiliate of Philippines AirAsia operating their brand ...
Zest Airways: ZEST AIRWAYS Philippines GZQ Zagros Air: ZAGROS Iraq C4 IMX Zimex Aviation: ZIMEX Switzerland IZG Zagros Airlines: ZAGROS Iran JTU Zhetysu: ZHETYSU Kazakhstan KVZ Z-Aero Airlines: Ukraine KZH Zhez Air: Kazakhstan MBG Zephyr Aviation: CHALGROVE United Kingdom MLU Zracno Pristaniste Mali Losinj: MALI LOSINJ Croatia MZE Zenith ...
On 11 March 2013, an agreement was made between AirAsia Philippines to swap shares with Philippine-based airline Zest Airways. [12] Zest Airways received a mix of $16 million cash and a 13% share in AirAsia Philippines, while AirAsia Philippines now owns 85% of Zest Airways, with 49% of its voting rights. The deal closed on 10 May 2013, and ...
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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 list of airlines enumerates local airlines in the Philippines which have a current air operator's certificate issued by the Civil Aviation Authority.
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