Airphilexpress Inc. owns and operates an airline. It offers travel services, including travel insurance; and tour packages, corporate accounts program, and cargo services. The company operates aircraft to various destinations, such as Bacolod, Busuanga, Butuan, Cagayan de Oro, Calbayog, Catarman, Caticlan (Boracay), Clark, Cebu, Cotabato, Davao, Dumaguete, Gen. Santos, Hong Kong, Iloilo, Jolo, Kalibo, Laoag, Legazpi, Manila, Masbate, Naga, Ozamiz, Pagadian, Puerto Princesa, San Jose (Mindoro), Singapore, Surigao, Tacloban, Tagbirana, Tawi-tawi, Tuguegarao, and Zamboanga. Airphilexpress Inc. was formerly known as Air Philippines Corp. and changed its name in March 2010. The company was founde...
R1 Hangar, APC Gate 1
Pasay City, 1300
Founded in 1995
LT Group Eyes To Divest Some Companies
Jun 20 13
LT Group, Inc. (PSE:LTG) President Michael G. Tan said his family is ready to exit the airline industry with the possible sale of its remaining stake in Philippine Airlines, Inc. and Airphilexpress Inc. "We are talking to outside investors" he said, referring to the sale of its remaining 51% stake in Philippine Airlines, Inc. and Airphilexpress Inc. "It is more of a strategic (move) because airline is not one of... the industries that we want to be in, that is also why it is not part of the LT Group," he said. He said the company may grow or divest companies that are not part of the LT Group, such as MacroAsia Corp. (PSE:MAC) and Victorias Milling Company, Inc. (PSE:VMC). "So companies that are under LT Group will be under LT Group," Mr. Tan said. "We will keep growing these companies and we will look for opportunities to grow them, and companies outside are considered not strategic, so we will look at opportunities to either grow them or sell them," he further said. Shares of LT Group dropped by 30 centavos or 1.31% to PHP 22.55 per share on June 19, 2013 from PHP 22.85 on June 18, 2013.