March 2024

AC Logistics Holdings Corporation and AIR21 Holdings, Inc. (AHI) Chairman Alberto D. Lina have reached financial close for AC Logistics’ acquisition of a 60 percent interest in AHI amounting to a total of P6 billion, through a combination of exchangeable note issuance by Mr. Lina and a primary shares subscription of AC Logistics in AHI.

AC Logistics Holdings Corporation and AIR21 Holdings, Inc. (AHI) Chairman Alberto D. Lina have reached financial close for AC Logistics’ acquisition of a 60 percent interest in AHI amounting to a total of P6 billion, through a combination of exchangeable note issuance by Mr. Lina and a primary shares subscription of AC Logistics in AHI.