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MANILA, Philippines – AirAsia Philippines has settled its outstanding obligations with the Civil Aviation Authority of the Philippines (Caap), averting the enforcement of an order that would have required the carrier to vacate government-run airports.
In a statement, Caap said AirAsia Philippines had paid the dues on Thursday morning, two days before the June 6 deadline given to the airline to settle P271.94 million in outstanding obligations.
READ: CAAP gives AirAsia Philippines until June 6 to pay debts
“Caap acknowledges and appreciates the airline’s cooperation and its commitment to addressing its obligations through constructive engagement and coordination with the Authority,” the regulator said.
