TRAVEL NEWS: Cebu Pacific Airlines makes an astounding debut at the Philippine Stock Exchange

9:27 PM

Cebu Pacific Airlines, one of my favorite airlines, gave it's initial public offering (IPO) yesterday and raised 539 million dollars after selling 186.6 million shares. Click here for the detailed story from Agence France-Presse.

This is good news for every juan as the money raised from the IPO would translate to 22 new Airbus A320 aircrafts by 2014!  In addition, Cebu Pacific is adding more to it's current 16 international routes.

I really hope these plans push through as I'm getting tired of flying to Kuala Lumpur's LCCT for my "connecting" flight. (Mr. Lance, could you add Melbourne, Australia to your international destinations?)

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