SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
MANILA, Philippines – Southeast Asian Airlines (Seair) is set to mount international flights from Cebu and Kalibo, Aklan to Singapore and Hong Kong.
The low-cost carrier filed a petition with the Civil Aeronautics Board (CAB) seeking to impose a fuel surcharge of P500 for flights from Kalibo to Singapore and Hong Kong, and flights between Cebu and Singapore.
The CAB allows airlines to impose fuel surcharges on international and domestic passengers so they can recover losses from jet fuel price increases.
Beginning in February, Seair imposed a fuel surcharge of P500 for all international passengers and P300 for all domestic passengers.
Seair is a unit of Tiger Airways Holdings Ltd. of Singapore. Tiger Airways, through wholly-owned subsidiary Roar Aviation II Pte Ltd, acquired a 40% stake in Seair for a total consideration of $2.5 million.
The investment in Seair was Tiger’s second joint venture after it acquired 33% of Mandala Airlines in Indonesia.
The acquisitions are part of expansion strategy in the region. Seair will be adopting the Tiger business model that includes offering value fares for domestic and international destinations within 5-hour flying radius of Manila and Clark, its current hubs. – Rappler.com
Add a comment
How does this make you feel?
There are no comments yet. Add your comment to start the conversation.