The air travel industry in the Philippines will undergo one of the biggest transformations since the aviation liberalization in 1995 when other carriers began to enter the scene that was formerly monopolized by flag carrier Philippine Airlines.
The administration of President Benigno C. Aquino III is committed to upholding an open-skies policy and it is expected that this will cause the already competitive landscape to become even more aggressive, as new players still seek to enter what is regarded as an underserved market.
Read on to know more about the transformation in the Philippines’ airline industry.
Views and opinions presented in this article are solely those of the author and do not necessarily represent those of PricewaterhouseCoopers Financial Advisors, Inc.
|For inquiries about this article or to know more how we can help you and your business, please contact PwC Think Tank today.|
Note: Certain links in the article connect to other web sites maintained by third parties and such other web sites may or may not be presented within a frame on the web Site. PwC has not verified the contents of such third party web sites and does not endorse, warrant promote or recommend any services or products, which may be provided or accessible through them or any person or body which may provide them. PwC has not issued or caused to be issued any advertisements which may appear on these web sites.