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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 ...
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]
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.
He was a second cousin once removed of Andrew Gotianun Sr., the founder of Filinvest Development Corporation. [14] Gokongwei's great-grandfather was a half brother of Gotianun's grandfather. He is also second cousins with the Gaisano family , with Doña Modesta Singson-Gaisano being his grandaunt (his grandfather's sister) which he used to call ...
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.
Cebgo, Inc., operating as Cebgo (stylized in all lowercase), is the wholly-owned regional subsidiary of Cebu Pacific. It is the successor company to South East Asian Airlines and Tigerair Philippines. [4] It is now owned by JG Summit, the parent company of Cebu Pacific which operates the airline.
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).
Lucio Chua Tan Sr. (traditional Chinese: 陳 永 栽; simplified Chinese: 陈 永 栽; Pe̍h-ōe-jī: Tân Éng-chai; pinyin: Chén Yǒngzāi; born July 17, 1934) is a Filipino billionaire businessman and philanthropist.