An industry can be world-leading and fragile at once, when its licence is issued in another country.
Startup · Topic
Cebu Pacific, Philippine Airlines, ICTSI, domestic shipping and the seafarer economy.
An industry can be world-leading and fragile at once, when its licence is issued in another country.
Geography sets a floor on logistics cost, and it falls hardest on the provinces least able to absorb it.
The difficulty of the home market turned out to be the competitive advantage abroad.
National obligation is a real cost. Pretending otherwise produces airlines that restructure repeatedly.
Low fares did not divide the market. They created most of it.
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