Cebu Pacific Increases Stake in 1Aviation Groundhandling to 60%

Cebu Pacific, the Philippines’ largest low-cost airline, has increased its ownership stake in 1Aviation Groundhandling Services from 40% to 60%, establishing a majority position in the company. The stake increase was achieved through a debt-to-equity conversion, allowing Cebu Pacific to deepen its influence over ground handling operations, which are essential to the airline’s service efficiency and operational costs. This strategic move aligns with Cebu Pacific’s efforts to optimize its operational capabilities, especially as travel demand continues to grow in the post-pandemic period.