Phillipines AirAsia CEO Update
Philippines AirAsia CEO Josephine Caneba discusses market conditions in the Philippines and opportunities for growth, particularly in the Chinese market. Philippines AirAsia and sister carrier AirAsia Zest recently transitioned to a single air operators’ certificate and will soon be consolidated under the Philippines AirAsia brand. The fleet has been reduced to 12 A320s but growth is expected to resume in 2016 with three deliveries. Philippines AirAsia has been highly unprofitable since it launched in 2012 but is about to complete a recapitalisation and is optimistic it will be in the black for the first time in 2016.