Cebu Air seeks $500m to tackle Covid impact

Philippines_Adobe_8July
By Rashmi Kumar
08 Oct 2020

Philippine carrier Cebu Air is looking to tap the equity markets for $500m, in an attempt to position itself for a recovery from the impact of the Covid-19 pandemic.

The airline industry has been one of the sectors hit hardest hit by the pandemic, as travel and tourism came to a grinding halt this year to stem the spread of the coronavirus.

The damage is clear in the company’s first half numbers. Its revenues in ...

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