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Cebu Air, Inc.

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Company Description
Cebu Air, Inc. (CEB), which is an airline company that operates under the trade name "Cebu Pacific Air," was incorporated on August 26, 1988. Its common stock was listed with the Philippine Stock Exchange on October 26, 2010. The Company was granted a 40-year legislative franchise to operate international and domestic air transport services in 1991. CEB commenced its scheduled passenger operations in 1996 with its first domestic flight from Manila to Cebu. International operations began in 2001 with flights from Manila to Hong Kong.

CEB pioneered the "low fare, great value" strategy in the local aviation industry. In 2005, the Company adopted the low-cost carrier (LCC) business model, whose strategy is to offer affordable air service to passengers.

On March 20, 2014, CEB acquired 100% ownership of Tiger Airways Philippines (TAP), including a 40% stake in Roar Aviation II Pte. Ltd.,a wholly-owned subsidiary of Tiger Airways Holdings Limited. On April 27, 2015, with the approval of the Securities and Exchange Commission, TAP was rebranded and now operates as CEBGO, Inc.

CEB currently operates a fleet of 57 aircraft which comprises of four Airbus A319, 36 Airbus A320, eight ATR 72-500, seven Airbus A330, and two ATR 72-600 aircrafts. It operates its Airbus aircraft on both domestic and international routes. The average aircraft age of the Group’s fleet is approximately 4.91 years as of December 31, 2016.

At present, the Group operates an extensive route network serving 59 domestic routes and 43 international routes with a total of 2,820 scheduled weekly flights. It operates from seven hubs located in Pasay City, Metro Manila; Lapu-Lapu City, Cebu; Clark, Pampanga; Davao City, Davao del Sur; Ilo-ilo City, regional center of western Visayas region; and Kalibo, Aklan.

Source: SEC Form 17-A (2016)
Security Information
Sector Services
Subsector Transportation Services
Corporate Life 50
Incorporation Date Aug 26, 1988
Number of Directors 9
Stockholders' Meeting as per By-Laws Per By-Laws: June - Fourth Thursday
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Banco de Oro Unibank, Inc. - Trust Banking Group
Contact Information
Business Address Cebu Pacific Building, Domestic Road, Barangay 191, Zone 20, Pasay City
E-mail Address
Telephone Number (632) 802-7000
Fax Number (632) 851-7362
Website http://www.cebupacificair.com