Philippines market is ripe for airline consolidation
Two of the Philippines' largest business conglomerates are about to do battle in the country's airline industry, and those that get caught in between could be crushed. The domestic market is largely controlled by JG Summit's Cebu Pacific Air and San Miguel Corp.'s Philippine Airlines (PAL). That leaves very little room for Zest Air, AirAsia Philippines and Tiger Airways' Seair Inc. AirAsia Philippines, which is based at Clark Airport outside Manila, began operating in March and now ...
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