Fast expanding low-cost venture AirAsia is to grow its activities in the Philippines after agreeing terms with the majority shareholder of Zest Air Group to acquire a 49 per cent share of the common ...

MANILA (Reuters) - The Philippine unit of Asia's biggest budget airline AirAsia Bhd has agreed to acquire 49 percent of small-scale regional carrier Zest Airways, as it moves to turn its Philippine ...

AirAsia Philippines and Zest Air, which have just unveiled an alliance and equity tie-up, initially are expected to maintain separate air operator certificates (AOCs) and brands, although the ...