The Civil Aeronautics Board (CAB) said on Friday said that it doesn’t know if negotiations have taken place between the operators of low-cost carriers Cebu Pacific-Tiger Airways Philippines (Tigerair), for a possible buyout.

“I can’t answer that. We do not even know at what stage the negotiations are in,” said lawyer Eldric Peredo, acting board secretary of the CAB, in a text message to The Manila Times.

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