Transport & Logistics
AirAsia averts grounding: P271.94 million debt paid just in time
The Civil Aviation Authority of the Philippines (CAAP) confirmed on Thursday that AirAsia Philippines has fully paid its outstanding obligations amounting to P271.94 million, resolving a matter that previously put the airline at risk of being shut down.
CAMPI sees smaller 2026 auto sales decline
The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) has trimmed its outlook for the domestic vehicle market, now expecting sales to decline by 5 to 8 percent in 2026 instead of the earlier forecast of an 8 to 10 percent drop.
AirAsia risks full grounding unless full payment made by 6 June
The Civil Aviation Authority of the Philippines (CAAP) has set a final deadline of 6 June, 2026, for AirAsia Philippines to clear its unpaid financial dues, warning that failure to comply will result in a full shutdown of its operations.
Toyota debuts electric, hybrid off-readers at PIMSS
Toyota Motor Philippines will spotlight its evolving electrification strategy at the 10th Philippine International Motor Show (PIMS) with the public debut of three new models—the Toyota Land Cruiser FJ, Toyota Hilux BEV, and Toyota Land Cruiser 300 HEV.
AirAsia Philippines faces total shutdown over P271-M unpaid obligations
The Civil Aviation Authority of the Philippines (CAAP) has warned AirAsia Philippines that it could be forced to stop all operations if it does not settle outstanding financial dues amounting to P271.94 million.
