Dannon Har, Singapore, November 18, 2016

Two founding members of the Value Alliance – Vanilla Air under ANA Holdings, and Cebu Pacific – are now equal (15% each) shareholders alongside Scoot and Nok Airlines of Air Black Box (ABB) Asia Pacific, the joint venture responsible for making the Value Alliance a reality.

The remaining equity is held by ABB’s majority investor VaultPAD Ventures, a US-based private airline travel and tourism venture accelerator.

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