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Zest Airways

Image source: Freebase

Type: Company

Name: Zest Airways

First reported May 24 2013 - Updated May 24 2013 - 1 reports

AirAsia completes deal with Zest Airways

Malaysia’s AirAsia Berhad has completed its acquisition of a 49-percent stake in local airline Zest Airways, giving the regional budget air travel giant a foothold in the Philippines’ main gateway in Manila.In a disclosure to the Malaysian bourse, listed ... [Published Philippine Daily Inquirer - May 24 2013]

Entities: AirAsia Bhd, Zest Airways, Philippines

First reported May 24 2013 - Updated May 24 2013 - 1 reports

Air Asia completes investment in Zest Air

InterAksyon.com means BUSINESSMANILA - The Philippine unit of Southeast Asia's largest budget airline has completed its investment in Zest Airways Inc.In a disclosure to the Bursa Malaysia, Air Asia Berhad said Air Asia Philippines$ completed its acquisition ... [Published Interaksyon - May 24 2013]

Entities: Philippines, Kalibo (Philippines), Manila

First reported May 23 2013 - Updated May 23 2013 - 1 reports

Tata Group

AirAsia blames higher fuel and finance costs for drop in profits

Higher fuel and finance costs resulted in the first drop in profits in five quarters at budget carrier Air Asia.Quarterly net profits at the Malaysia-based airline dropped by 39% to 104.8 million ringgit ($35 million) in the period to March 31, based ... [Published Travel Weekly - May 23 2013]

Entities: AirAsia Bhd, Zest Airways, Tony Fernandes, Tata Group

First reported May 23 2013 - Updated May 23 2013 - 1 reports

Taiwan's anger baffles Filipinos

The ferocity of the storm of anger that has erupted in Taiwan over the fatal shooting of a Taiwanese fisherman by Filipino coast guards has left the Philippines stunned.Indeed, the death of Hung Shih-cheng on May 9 - which unleashed sanctions against ... [Published Asia News Network - May 23 2013]

Entities: Taiwan, Philippines, Anger

First reported May 22 2013 - Updated May 23 2013 - 3 reports

AirAsia Bhd

AirAsia net declines as fuel expense masks higher traffic

Net income falls for first time in five quarters, down 39% to $35 million in the three months ended MarchBloombergAirAsia said jet fuel costs rose 18% in the quarter to 523 million ringgit, while aircraft lease expense climbed 11% to 44.7 million ringgit. ... [Published Livemint.com - May 23 2013]

Entities: AirAsia Bhd, Declination, Jet Fuel

First reported May 23 2013 - Updated May 23 2013 - 1 reports

Zest Airways suspends Kalibo-Taipei flights

10:32 am DAVAO CITY, May 22 ? Local budget airline Zest Airways now controlled by AirAsia Philippines Inc., the local affiliate of Malaysia?s AirAsia Berhad, has suspended its daily charter flights between Kalibo (Boracay) and Taipei.In a statement, Wednesday, ... [Published Balita.org - May 23 2013]

Entities: Zest Airways, Philippines, AirAsia Bhd, Taiwan

First reported May 21 2013 - Updated May 21 2013 - 1 reports

Zest Airways

Zest Airways suspends chartered flights between Aklan, Taipei

“We have been servicing this route since 2011 and hope to resume operations soon,” the company said, noting that Kalibo, one of the two gateways to Boracay Island, was a popular destination among Taiwanese tourists.The Kalibo-Taipei flights are suspended ... [Published Philippine Daily Inquirer - May 21 2013]

Entities: Zest Airways, Taipei, Taiwan

First reported May 19 2013 - Updated May 20 2013 - 3 reports

Cebu Pacific remains top domestic carrier

May 20--Cebu Pacific is still the leading domestic carrier in the country, with 2.52 million passengers flown in the first three months of 2013, up by 6.3 percent from the 2.37 million of the same period in 2012.Data from Civil Aeronautics Board (CAB) ... [Published Equities.com - May 20 2013]

Entities: Cebu Pacific Air, Iloilo, Davao

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Zest Air to decommission smaller aircraft, suspend flights to 4 local destinations

InterAksyon.com means BUSINESSMANILA - Zest Airways Inc will suspend its operation in Marinduque, Masbate, Busuanga and Tablas because of high operating costs and technical issues.In a letter to the Civil Aeronautics Board (CAB), Zest Air senior vice ... [Published Interaksyon - May 20 2013]

Entities: Tablas (Philippines), Masbate (Philippines), Manila, Low-Cost Carrier

First reported May 17 2013 - Updated May 17 2013 - 1 reports

EXCLUSIVE | Zest Air suspends flights to Taiwan

InterAksyon.comThe online news portal of TV5MANILA - A local budget carrier has suspended its chartered flights between Boracay and Taipei because of the political tensions between the Philippines and Taiwan.InterAksyon.com obtained a copy of the letter ... [Published Interaksyon - May 17 2013]

Entities: Philippines, Taipei, Taiwan

First reported May 13 2013 - Updated May 13 2013 - 1 reports

Zest Airways begins flights from Manila to KK

KOTA KINABALU: A Philippine airline has started flying into this Sabah capital.AirAsia-linked Zest Airways began operating its four times weekly Manila-Kota Kinabalu route on Friday.Tourism Malaysia Manila office said tourists from the Philippines were ... [Published thestar.com.my - May 13 2013]

Entities: Zest Airways, Manila, Malaysia, Philippines, Kota Kinabalu

First reported May 12 2013 - Updated May 12 2013 - 1 reports

Big boost to Sabah tourism

KOTA KINABALU: The newly launched Zest Airways Manila-Kota Kinabalu route will help to boost tourist arrivals in Malaysia. ... [Published New Straits Times - May 12 2013]

Entities: Zest Airways, Kota Kinabalu, Malaysia

Quotes

AirAsia said the acquisition allows the airline, which is currently based in Clark, to access the Ninoy Aquino International Airport. "With this partnership in place, other than our current base in Clark, Philippines AirAsia would be able to operate from the main airport in Manila as well. This helps us to attract feeder traffic into Clark and leverage on Zest Airs attractive slots from Manila" Marianne Hontiveros, chief executive officer of AirAsia, said

AirAsia now controls Zest Air [Published ABS-CBN News - May 24 2013]

"For Manila, there is no specific provision on holding companies," Reyes said. "But we noted instances when the assessor will consider it as 'other financial institution' and subject the dividends to 75 percent of 1 percent" similar to Makati's tax system

COCKTALES | Lucio Tan leaves Manila, jumps over Makati, for the friendlier tax environs of Taguig [Published Interaksyon - May 24 2013]

If it was a wrongful shooting, prosecuting those responsible would "greatly appease the Taiwanese and lower the temper in Taiwan" , said Amadeo Perez, head of the Manila Economic and Cultural Office, the Philippines' de facto embassy in Taipei, on ABS-CBN television

Taiwan's anger baffles Filipinos [Published Asia News Network - May 23 2013]

"In addition, with the recent announcement of KLIA2 being delayed, we are certain the current low-cost carrier terminal's capacity will be a constraint" she added

AirAsia Q1 net profit down 39% [Published The Sun Daily - May 22 2013]

More Content

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AirAsia acquires 85% interest in ZestAir [Published Philippine Star - May 24 2013]
AirAsia completes deal with Zest Airways [Published Philippine Daily Inquirer - May 24 2013]
Air Asia completes investment in Zest Air [Published Interaksyon - May 24 2013]
AirAsia now controls Zest Air [Published ABS-CBN News - May 24 2013]
AirAsia, ZestAir consummate cash, share swap deal [Published GMA News.tv - May 24 2013]
COCKTALES \| Lucio Tan leaves Manila, jumps over... [Published Interaksyon - May 24 2013]
AirAsia blames higher fuel and finance costs fo... [Published Travel Weekly - May 23 2013]
AirAsia net declines as fuel expense masks high... [Published Livemint.com - May 23 2013]
Taiwan's anger baffles Filipinos [Published Asia News Network - May 23 2013]
Zest Airways suspends Kalibo-Taipei flights [Published Balita.org - May 23 2013]
AirAsia Q1 net profit down 39% [Published The Sun Daily - May 22 2013]
AirAsia Q1 profit declines on fuel, finance costs [Published Today Online - May 22 2013]
AirAsia First-Quarter Profit Declines on Fuel, ... [Published Washington Post - May 22 2013]
AirAsia Quarterly Profit Falls on Fuel, Finance... [Published Bloomberg - May 22 2013]
Zest Airways suspends chartered flights between... [Published Philippine Daily Inquirer - May 21 2013]
Cebu Pacific remains top domestic carrier [Published Equities.com - May 20 2013]
Zest Air to decommission smaller aircraft, susp... [Published Interaksyon - May 20 2013]
Despite Philippine-Taiwan row, Cebu Pacific to ... [Published Interaksyon - May 20 2013]
Tiger Airways narrows losses in FY2013 - but ch... [Published Centre for Asia Pacific Aviation - May 20 2013]
Domestic air travel drops in 1Q [Published Interaksyon - May 20 2013]
Air passenger traffic rises as of March [Published Business World - May 19 2013]
Amid growing number of cancellations, CAB order... [Published Interaksyon - May 19 2013]
RC Cola management asked, respect t... [Published Bulatlat.com - May 19 2013]
More harm than good [Published Manila Standard Today - May 18 2013]
EXCLUSIVE \| Zest Air suspends flights to Taiwan [Published Interaksyon - May 17 2013]
TAIPEI-MANILA ROW: Travel agents could be fined... [Published Taipei Times Online - May 16 2013]
By the Numbers: P50 vs P100M [Published Philippine Center for Investigative Journalism - May 13 2013]
Zest Airways begins flights from Manila to KK [Published thestar.com.my - May 13 2013]
ZestAir to trim fleet to cut cost [Published Business World - May 12 2013]
Big boost to Sabah tourism [Published New Straits Times - May 12 2013]