Cebu Air, Inc. (PSE:CEB) is planning to acquire Philippine unit of Tiger Airways Holdings Limited (SGX:J7X) Tigerair. Carmelo Arcilla, Executive Director of Civil Aeronautics Board said that JG Summit Holdings, Inc. (SGX:J7X) owner of Cebu could own 100% of Tigerair Philippines. The proposed acquisition will have to pass several regulatory hurdles, including the approval of the Securities and Exchange Commission and the Civil Aeronautics Board, he added.

He also said, “It is still under evaluation. We are looking at its effect on routes, traffic and slots. There is also the legal side.” Olive Ramos, Chief Executive Officer of Tigerair Philippines did not comment on the proposed deal saying she was not privy to any discussions.

"The company would like to confirm that it is in the midst of negotiating a proposed transaction involving Tigerair Philippines. However, no definitive agreement has been signed at this time," Tiger Airways Holding stated in a disclosure to the Singapore Stocks Exchange.