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Logo of Zest Air A Zest Air Airbus A320 in 2012. In January 2008, Asian Spirit was sold to AMY Holdings, a holding company controlled by businessman Alfredo Yao. [10] The acquisition was completed on March 29 of that year. [11] After the success of the takeover, Yao expressed interest in merging Asian Spirit with South East Asian Airlines ...
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 ...
Airline Image IATA ICAO Callsign Commenced operations Ceased operations Notes Aboitiz Air: BOI: 1988: 2010: Renamed 2GO: Aero Filipinas: AJ: AFI: 1982: 1985: Aerolift Philippines
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 ...
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.
The airline is 60% owned by the Filipino investors and the remaining 40% is owned by AirAsia. [79] The airline was launched on 16 December 2010 [79] and commenced operations on 28 March 2012. [80] In 2013, it partnered with Zest Airways, a Philippine low-cost airline.
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