Published on : Aug 11, 2014
The Southeast Asian airline’s Philippine unit stated that its passenger traffic increased by 5% in the second quarter of 2014.
In this quarter from April to June it flew about 924,155 domestic and international passengers. This figure is up from 140,034 year-on-year.
The airline’s load factor too was up by 77% as compared to 74% in 2013. This is a clear increase of 3%.
Philippine unit is 40% owned by Malaysia\'s Air Asia through AA International. The company now has 19 aircrafts after acquiring 49% voting rights, and 85% economic interest in Zest Airways.
This move will also allow the company to acquire 100% stake in Asiawide Airways Inc. In exchange Zest Air owner Alfredo Yao will get 15% stake in Air Asia Philippines. About 45% of stake is held by businessmen Antonio Cojuangco, Maan Hontiveros, and Michael Romero.
In June 2013, Philippines\' AirAsia had stopped Clarke flights after the acquisition of Zest Airways. This airline flies from Manila to Incheon, Tacloban, Tagbilaran, and Puerto Princesa.
In addition to these new reports, Malaysia\'s AirAsia is all set to re-introduce its direct flights between Kuala Lumpur to Clark. There will be four flights a week from October 17.
With this route Air Asia will have the fourth destination in Philippines, which are Manila, Cebu, Kalibo, and Kuala Lumpur. Besides Kuala Lampur, travelers will also be able to connect from Kota Kinabalu to Mainly with direct flights.