As part of its plans to help Zest Air recover its financial footing following a four-day grounding by the Civil Aviation Authority of the Philippines in August,Philippines AirAsia recently announced it would discontinue its remaining loss-making Clark services with effect from October and concentrate all of its efforts on operations from Manila.
Air Asia owns a 49% stake in Zest Air and reportedly plans to increase its shareholding further.
Source: CH-Aviation
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