Makati City — F & S Holdings Inc. announced today its status as majority shareholder of Air Asia Inc. (AAI) the corporation that owns and manages Philippines AirAsia.

romero group-airasia
Air Asia Inc. (AAI) majority shareholders Rep. Michael “Mikee” Romero (third from left) and Mrs. Sheila Bermudez Romero (fourth from right) of F & S Holdings Inc. receive a symbolic wreath for good tidings at the press conference where F & S Holdings Inc. shared its new share acquisitions. AAI is the owner and operator of Philippines AirAsia Inc. Joining them (left to right) are Ruby Villavicencio Paurom, of the Romero Group communications team, Atty. Agnes Maranan, AAI director, Bo Lingam, AirAsia Deputy Group CEO, Capt. Dexter Comendador, President and CEO of Philippines AirAsia Inc., Maan Hontiveros, Chairperson of Philippines AirAsia Inc. and Atty.  Joseph Omar Castillo, AAI director.

F & S Holdings is owned by Rep. Michael “Mikee” L. Romero and Mrs. Sheila B. Romero. It recently acquired 28.8% shares of Air Asia Inc., raising its total shares of AAI to 44.5%. Prior to the fresh acquisitions, Rep. Romero and Mrs. Romero owned 15.7% shares.

Mrs. Romero made the announcement today at a business media conference at the Makati Shangri-la Hotel. She said that 13% and 15.8% shares of AAI were bought respectively from Ambassador Fred Yao and Miss Maan Hontiveros.

A total of 15.7% shares is still held by Mr. Antonio “Tonyboy” Cojuangco’s TNR Holdings.

The balance of 40% is held by Malaysian billionaire and Air Asia Berhad founders Tony Fernandes and Kamarudin Menardum.

Rep. Romero said Air Asia Inc. will continue to scale new heights for the multi-awarded Philippines AirAsia.

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