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The family fortune was lost after the death of his father in 1939 when Gokongwei was 13 years old and World War II (1939–1945) was just broke out. During these difficult years, he had to make ends meet by initially supporting his family by peddling items along the streets of Cebu from his bicycle. [5]
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.
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]
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).
Founded as Island Transvoyager. Alphaland Aviation: 0A BIC BALESIN Clark Manila: 2015 Bangsamoro Airways: Cotabato: 2024 Cebgo: DG SRQ BLUE JAY Cebu Manila: 1995 Founded as South East Asian Airlines. Operates as Cebu Pacific. PAL Express: 2P GAP AIRPHIL Manila Cebu Clark Davao Zamboanga: 1995 Founded as Air Philippines and commenced operations ...
His parents moved to Cebu in the Philippines when he was a child. He was said to have gone to school on barefoot and first worked as a stevedore who tied cargo with ropes made from abaca. [ 6 ] He earned a bachelor's degree in chemical engineering from the Far Eastern University in Manila . [ 7 ]
The company was founded on September 28, 1954 by John Gokongwei, Jr. [6] under the name Universal Corn Products (UCP) after Gokongwei decided to construct a corn milling plant to produce glucose and cornstarch. In 1961, Consolidated Food Corporation (later known as CFC Corporation) was established.