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Philippines’ SEC clears AirAsia's acquisition of Zest Airways

( February 26, 2015, 02:37 GMT | Insight) -- The Philippines’ Securities and Exchange Commission has approved AirAsia’s takeover of Zest Airways Inc, local news website Interaksyon reported. AirAsia Zest CEO Joy Caneba said the AirAsia Group plans to consolidate its operations in the Phil...The Philippines’ Securities and Exchange Commission has approved AirAsia’s takeover of Zest Airways Inc, local news website Interaksyon reported. AirAsia Zest CEO Joy Caneba said the AirAsia Group plans to consolidate its operations in the Philippines and rebrand AirAsia Zest to AirAsia Philippines. They will now apply for approval from the Civil Aeronautics Board and the Civil Aviation Authority of the Philippines. AirAsia Zest and AirAsia Philippines operate a combined fleet of 15 aircraft....

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