Air Philippines Corporation, now operating as Airphil Express (formerly Air Philippines), is a low-cost airline based in Pasay City, in the Philippines. It operates both domestic and international scheduled services from Manila, Cebu, Davao and Zamboanga. The airline was re-branded for a number of times, first as Air Philippines, then as PAL Express. Due to financial losses, Air Philippines ceased operations for a short while until it was acquired by investors from the Lucio Tan group. After the acquisition, the airline was re-launched as PAL Express, to operate some routes and slot assignments of its sister company Philippine Airlines until the management decided to re-brand the carrier as a budget airline now known as Airphil Express. The new Airphil Express is Philippine Airlines' answer to Cebu Pacific Air's dominance on the low cost travel market in the Philippines which significantly shrunk its market share and relegated it to the no. 2 spot from its dominant no. 1 position since inception. It allowed PAL to focus on the premium market where it does not have competition in the domestic Philippine market. Airphil Express gained significant increase in passengers following its launch as a low-cost carrier competing head on with Cebu Pacific Air. The airline is currently on fleet acquisition mode to support its planned domestic and international route expansion plan. Airphil Express currently holds the no. 3 position among Philippine-based airlines with 19% market share. Read more →
Source: Wikipedia All text is available under the terms of the GNU Free Documentation License.