AirAsia pledges $1-B investment for PH expansion

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

President Ferdinand 'Bongbong' Marcos Jr. has expressed his appreciation to Malaysian low-cost airline AirAsia after it expressed its intention to expand its operations in the country.

Capital A Berhad CEO Tan Sri Anthony Francis Fernandez pledged to invest $1 billion to expand their operations in the Philippines.AirAsia is the fourth-largest airline in Asia.

In a roundtable during his State Visit to Malaysia, the President said he was delighted that AirAsia has a "very good prospect for the Philippines." Fernandez said Capital A Berhad has to bounce back and restructure its businesses to get back to the pre-pandemic levels.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS

Business Business Latest News, Business Business Headlines