The country’s air-services regulator has approved the petition of the South East Asian Airlines Inc. (Seair), the operator of Tigerair Philippines, to change its corporate name.
Civil Aeronautics Board Executive Director Carmelo L. Arcilla said in a phone interview that along with the approval comes the agency’s endorsement of the said move to the Securities and Exchange Commission (SEC).
“We approved their petition for endorsement to the SEC. We did not see any violation or any legal implication based on our review,” he told the BusinessMirror. Seair is changing its corporate name to Go Air Inc., as part of its agreement with the new parent company, Tigerair Philippines President Olive C. Ramos said.
“We are changing our corporate name [from] Seair to Go Air Inc. because we have to return the company name to its original owner,” she said.
Seair was rebranded as Tigerair Philippines early last year after Singapore-based Tiger Airways Holdings Pte. Ltd.—through subsidiary Roar Aviation II Pte. Ltd.—acquired a 40-percent interest in the local low-cost carrier in 2012.
The entire shareholding in Tigerair Philippines was then bought by dominant budget carrier operator Cebu Air Inc. in a $15-million deal, which involves a strategic alliance between the two airlines.
21/04/14 Lorenz S. Marasigan/Business Mirror
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Civil Aeronautics Board Executive Director Carmelo L. Arcilla said in a phone interview that along with the approval comes the agency’s endorsement of the said move to the Securities and Exchange Commission (SEC).
“We approved their petition for endorsement to the SEC. We did not see any violation or any legal implication based on our review,” he told the BusinessMirror. Seair is changing its corporate name to Go Air Inc., as part of its agreement with the new parent company, Tigerair Philippines President Olive C. Ramos said.
“We are changing our corporate name [from] Seair to Go Air Inc. because we have to return the company name to its original owner,” she said.
Seair was rebranded as Tigerair Philippines early last year after Singapore-based Tiger Airways Holdings Pte. Ltd.—through subsidiary Roar Aviation II Pte. Ltd.—acquired a 40-percent interest in the local low-cost carrier in 2012.
The entire shareholding in Tigerair Philippines was then bought by dominant budget carrier operator Cebu Air Inc. in a $15-million deal, which involves a strategic alliance between the two airlines.
21/04/14 Lorenz S. Marasigan/Business Mirror
