Cebu Pacific Bolsters Liquidity With $329M In New Bank Loans

Cebu
Credit: Cebu Pacific
Philippine carrier Cebu Pacific has signed a PHP16 billion ($329 million) 10-year loan facility with six domestic banks, just weeks after raising PHP12.5 billion through a rights issue that was finalized in February. Proceeds from the loans will be used for capital expenditures and to provide a...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for Aviation Week's Air Transport World magazine and the Asia-Pacific Defense Correspondent for Aviation Week.

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