Cebu Air Inc of taipan John Gokongwei paid on January 29 the P52.11-million ($1.18 million) fine assessed by the Civil Aeronautics Board (CAB) for the budget carrier’s flight delays and cancellations during the Christmas season. The amount was deposited in the national treasury, CAB said. The amount was based on a fine of P5,000 ($113.37) for every affected passenger. Cebu Pacific Air Inc chief Lance Gokongwei earlier said he was “profoundly sorry” for failing their passengers during the holidays.
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