Tranche Update on Cebu Air, Inc.'s Equity Buyback Plan announced on February 28, 2011.
May 13, 2021
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From January 1, 2021 to March 31, 2021, the company has repurchased 0 shares, representing 0% for PHP 0 million. With this, the company has completed the repurchase of 12,944,472 shares, representing 2.13% for PHP 951.28 million under the buyback announced on February 28, 2011.
Cebu Air, Inc. is a Philippines-based airline company that operates under the trade name Cebu Pacific and Cebu Pacific Air. The Company is engaged in the business of providing air transportation services. It is involved in the transportation of passengers, mail, merchandise, and freight, and to acquire, purchase, lease, construct, own, maintain, operate, and dispose of airplanes and other aircraft of every kind and description. In addition to passenger service and airport-to-airport cargo services, the Company also offers ancillary services, such as travel insurance, in-flight merchandise, baggage, and travel-related products and services. It operates in two segments: the airline business and the line and light maintenance business. It operates a fleet of 76 aircraft, which comprises of 21 Airbus A320 CEO, seven Airbus A321 CEO, nine Airbus A320 NEO, 10 Airbus A321 NEO, five Airbus A330 CEO, four Airbus A330 NEO, six ATR 72-500, and 14 ATR 72-600 aircraft.