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Lynx Air to cease operations Monday, obtains creditor protection

The low-cost airline, based in Calgary, says it will cease operations at 12:01 a.m. on Feb. 26, though flights will continue until that time.  Calgary-based, ultra low-cost airline launched in 2022 but faced ‘significant headwinds,’ company says. Lynx Air, a Calgary-based airline that launched less than two years ago with …

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JAZA confident Philippines’ economic growth among fastest in Asia

Billionaire Jaime Augusto Zobel de Ayala (JAZA), chairman of the country’s oldest conglomerate Ayala Corporation, is optimistic the Philippines has the momentum to “maintain its position as one of the region’s fastest growing economies this year.” “We enter 2024 optimistic that inflation will continue to slow down and catalyze the …

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PH vehicle sales sustained strong growth in January

Department of Trade and Industry (DTI) Secretary Alfredo Pascual recognizes the significant role of public and private partnerships in propelling the country’s automotive industry during the ceremonial turnover of Toyota Motor Philippines Corp.’s (TMP) presidency on Feb. 20, 2024. He also recognized TMP and the broader automotive industry’s contribution to …

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