• Cebu Pacific eyes flights to Israel

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    The operator of low-cost carrier Cebu Pacific is asking permission from the Civil Aeronautics Board (CAB) to fly to Israel.

    In a filing with the CAB, Cebu Air Inc. filed for allocation of seven flight entitlements to Israel and designation as official Philippine carrier.

    In November last year, the Philippines and Israel agreed to update their air agreement, which was signed in 1951.

    Under the new agreement, the designated airlines of each country are entitled to a total of 21 flights per week between any points in the Philippines and Israel.

    Cebu Pacific will buy the Filipino unit of Singapore-based budget carrier Tigerair in a deal that will create the largest budget airline network between Asia and the Philippines.

    Cebu Pacific said that it would pay $15 million to wholly own Tigerair Philippines, a small carrier that is 40-percent controlled by Tigerair. The Filipino airline expects the transaction to close in a few months.

    Cebu Pacific currently operates an average of 2,200 flights a week with 48 aircraft to 24 international and 33 Philippine cities in its network.

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