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Philippines AirAsia, Inc. is a Philippine low-cost airline based at Ninoy Aquino International Airport in Pasay, Metro Manila. [5] The airline is the Philippine affiliate of the Malaysian AirAsia . The airline started as a joint venture among three Filipino investors and AirAsia Investments Ltd. (later AirAsia Aviation Limited), a subsidiary of ...
Located on a 797-hectare (1,970-acre) site in Lapu-Lapu City on Mactan, it is the second busiest airport in the Philippines. [3] Opened on April 27, 1966, the airport serves as a hub for Philippine Airlines, and as an operating base for Cebu Pacific, Philippines AirAsia, and Sunlight Air.
AirAsia was established on December 20, 1993, by DRB-HICOM, a Malaysian government-owned conglomerate, as a full-service carrier.The airline commenced operations on November 18, 1996, with its inaugural flight from Kuala Lumpur to Langkawi, utilising a Boeing 737-300. [7]
The rebranded airline has a new theme "AirAsia Zest, the right way to fly." [20] AirAsia Zest eventually merged with AirAsia Philippines in 2015 to form Philippines AirAsia. This merger effectively phased out the AirAsia Zest brand. Both airlines completed the transition to a single operating certificate in September of that year. [21]
The domestic market is dominated by the Cebu Pacific group which has a 53% market share, followed by the Philippine Airlines group which has 31%, followed by AirAsia, having a 16% share. This list of airlines enumerates local airlines in the Philippines which have a current air operator's certificate issued by the Civil Aviation Authority .
It is also the main operating base for AirSWIFT, Cebgo, Cebu Pacific, and Philippines AirAsia. Manila International Airport was officially renamed for former Philippine senator Benigno "Ninoy" Aquino Jr., [3] who was assassinated at the airport on August 21, 1983.
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The airline was founded on February 26, 1941, as Philippine Air Lines when its franchise to operate was transferred from Philippine Aerial Taxi Company (PATCO). [ 3 ] Formerly one of the largest airlines in Asia, PAL was severely affected by the 1997 Asian financial crisis .