Cebu shares jump on share buyback; Cathay warns over fare increases

Cebu Air Inc’s board of directors approved the creation and implementation of a share buyback programme involving USD46.3 million (PHP2 billion), approximately 4.22% of the company’s current market capitalisation. The programme hopes to stem the price decline of its shares on the Philippine Stock Exchange.

Archives

DISCLAIMER: PrivateJetsCharter is not a part 135 air carrier and only acts as an agent to provide info on the best carrier available for charter. PrivateJetsCharter arranges flights on behalf of jet charter clients with FAR Part 135 air carriers that exercise full operational control of charter flights at all times. Flights will be operated by FAR Part 135 direct air carriers that have been certified to provide service for PrivateJetsCharter clients and that meet all FAA safety standards and additional safety standards established by PrivateJetsCharter.