Published May 10, 2021, 1:28 PM To secure its future as a low cost carrier (LCC), Cebu Air Inc. (Cebu Pacific or CEB), has obtained US$250 million fresh funds from the International Finance Corporation (IFC), the IFC Emerging Asia Fund, and Indigo Philippines LLC, an affiliate of Indigo Partners LLC. The investment of the triad, in the form of convertible bonds, will provide CEB with a longer liquidity to withstand the effects of the pandemic until travel demand recovers, the airline today (May 10) announced. Lance Gokongwei, CEB President and Chief Executive It will also help CEB maintain competitiveness to provide affordable transportation in this island nation where maritime transport alone cannot address the connectivity needs of people, goods, and services.