Tag Archives: Zest Airways

Zest Air is grounded in the Philippines due to alleged safety violations

Zest Air (Zest Airways) (Manila) was grounded today for alleged safety violations by the Civili Aviation Authority of the Philippines (CAAP). Zest Air’s AOC is suspended until it can rectified the government’s concerns.

Read the full report from Inquirer Business: CLICK HERE

Zest Air logo-3

Copyright Photo: Gerd Beilfuss/AirlinersGallery.com. Airbus A320-232 D-AXAK (msn 4533) became RP-C8991 when it was delivered on December 16, 2010.

Zest Air: AG Slide Show

 

AirAsia Philippines acquires 40% of the stock of Zest Air in a stock trade

AirAsia Philippines (Angeles City, Pampanga-Clark International Airport) has agreed to acquire all of the shares Zest’s affiliate Asiawide Airways from Alfredo Yao, vice chairman of Export and Industry Bank Inc. and the Zest-O Corporation. This acquisition will give AirAsia 40 percent of the shares of Zest Air (Zest Airways) (Manila). In return, Yao will get a 15 percent share in closely held AirAsia (Kuala Lumpur) according to this report by Bloomberg.Each airline, both former competitors, will now operate separately but will be aligned with each other.

Read the full report: CLICK HERE

Top Copyright Photo: Terry Wade. AirAsia’s (AirAsia.com) (Philippines) Airbus A320-216 RP-C8191 (msn 4989) is seen at London (Gatwick) prior to the delivery.

AirAsia: AG Slide Show

Zest Air: AG Slide Show

Middle Copyright Photo Below: AirAsia. AirAsia and Zest Air officials celebrate the new association.

AirAsia-Zest Air Celebration (AirAsia)(LR)

Bottom Copyright Photo: Manuel Negrerie. Zest Air’s (Zest Airways) Airbus A320-232 RP-C8994 (msn 743) climbs away from Taipei (TPE).