The Philippines’ largest national flag carrier, Cebu Pacific (PSE:CEB) is the official airline sponsor of the 45th Annual Meeting of the Asian Development Bank (ADB) Board of Governors, which will be hosted by the Philippines from May 2 to 5, 2012.
“Winning the bid to host this year’s ADB annual meeting is a significant milestone for the country. It is a vote of confidence from investors all over Asia in the Philippines’ economic and leadership potential,” said CEB President and CEO Lance Gokongwei.
“Cebu Pacific’s commitment to Philippine tourism remains strong, as we provide lowest cost air travel to the widest network of Philippine destinations and routes, and the highest domestic seat capacity. We look forward to serving 14 million passengers this year, and expanding our network to further link the Philippines to the rest of the world,” he added.
An event that brings together 4,000 delegates from ADB’s 67-member countries, stakeholders and other distinguished international delegates, the ADB Annual Meeting’s goal is help stimulate poverty in Asia and the Pacific through good governance and the advancement of sustainable programs.
Aside from welcoming CEOs, finance ministers, NGO representatives, the academe and media professionals from all over the world, the country will also be given a chance to show how much it has achieved through its trade and investment initiatives and public-private partnerships, among others.
According to US think tank Heritage Foundation’s Index of Economic Freedom, the Philippines has improved its competitiveness level on the world stage, ranking 19th out of 41 Asia-Pacific countries. This puts the Philippines ahead of Indonesia, China, India and Vietnam.
For more information, visit www.Manila2012.ph
Guests can also visit the Philippine Corporate and Investment Pavilion at the SMX Convention Center to learn more about Philippine art and culture. This pavilion was made possible through the efforts of the Departments of Finance and Tourism, Bangko Sentral ng Pilipinas and sponsors from the private sector.
In its 16th year of operations, CEB had flown over 60 million passengers. It provides access to the most extensive network in the Philppines, with 32 domestic and 19 international destinations. The airline also remains a pioneer in the Philippine aviation industry by being the first to offer web check-in, self check-in, e-ticketing, Lite Fares and One Peso seat sales.
CEB currently operates 10 Airbus A319, 20 Airbus A320 and 8 ATR-72 500 aircraft. Its fleet of 38 aircraft – with an average age of 3.6 years – is one of the most modern aircraft fleets in the world. Between 2012 and 2021, Cebu Pacific will take delivery of 22 more Airbus A320 and 30 Airbus A321neo aircraft orders.