Cebu Air, Inc. (CEB)

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1. Company Information
Company Name	Cebu Air, Inc. (CEB)
Sector	Services			Incorporation Date	Aug 26, 1988
Subsector	Transportation Services			Number of employees	4,123(Group Total)
Board of Directors	Chairman: Ricardo J. Romulo Other directors: Lance Y. Gokongwei, John L. Gokongwei, Jr., James L. Go
Website / E-mail	http://www.cebupacificair.com
2. Stock Information
Total Assets		108,287,844,981	Market Capitalization		60,413,547,001.00
Total Liabilities		72,072,885,694	Outstanding Shares		605,953,330
Retained Earnings		27,911,499,314	Listed Shares		613,236,550
Listing Date		Oct 26, 2010	Issued Shares		613,236,550
Board Lot		10	Free Float Level (%)		32.76%
Par Value		1.00	Foreign Ownership Limit		40%
3. Major Stock Holders (common shares)
CPAIR HOLDINGS, INC. PCD NOMINEE CORPORATION (NON-FILIPINO) PCD NOMINEE CORPORATION (FILIPINO) JG SUMMIT HOLDINGS, INC.					66.14% 16.74% 15.96% 01.08%
4. Company Descriptions and Business Development
Notes 1.  CPAIR HOLDINGS is a subsidiary of JGS.
Overview CEB is the leading low-cost carrier in the Philippines. It acquired franchise to operate air transportation services till 2031. I started first flight in 1996 but adopted the low-cost carrier (LCC) business model in 2005. The Group operates an extensive route network serving 59 domestic routes and 43 international routes with a total of 2,820 scheduled weekly flights. It operates a fleet of 57 aircraft which comprises of four (4) Airbus A319, thirty six (36) Airbus A320, eight (8) ATR 72-500, two (2) ATR 72-600 and seven (7) Airbus A330 aircraft. The average aircraft age of the Group’s fleet is aproximately 4.91 years as of 2016. It will add around 35 more aircrafts by the end of 2019 to increase frequencies and coverage. It is leasing hangar, aircraft parking and other operational space from (Manila International Airport Authority (MIAA) since it doesn’t own any land. In accordance with Republic Act (RA) 10378, international carriers have some Tax benefits such as VAT exemption on the transport of passengers. Business Revenue contribution in 2016 (in million pesos) Passenger Service Cargo Ancillary 46,593 3,564 11,743 75.27% 5.76% 18.97% Ancillary Services includes cancellation and rebooking options, in-flight merchandising such as sale of duty-free products on international flights, baggage and travel-related products and services. Subsidiaries / Associates / Affiliates / Joint Ventures Tiger Airways Philippines (TAP, 100%) was rebranded and now operates as CEBGO, Inc. It acquired franchise to establish, operate and maintain domestic and international air transport services with Clark Field, Pampanga as its base. This franchise shall be for a term of twenty five (25) years. Special Purpose Entities (SPE): It has many SPEs such as Cebu Aircraft Leasing Ltd., Panatag One aircraft leasing Limited.