Cebu Pacific taps local banks for P16-B loan
March 5, 2021 | 6:16 pm Font Size BW FILE PHOTO Cebu Air, Inc., operator of budget carrier Cebu Pacific, on Friday said its board approved a P16-billio, ten-year loan from local banks. In a disclosure to the stock exchange on Friday, the company said that its board of directors approved the loan from state banks Development Bank of the Philippines and Land Bank of the Philippines, in partnership with private banks. The private banks include Asia United Bank Corporation, Bank of the Philippines Islands, Metropolitan Bank & Trust Company, and Union Bank of the Philippines. The loan wil...