Cebu Pacific Air (5J, Manila Ninoy Aquino International) has been given the go-ahead by the Civil Aeronautics Board (CAB) of the Philippines to proceed with plans to acquire Tigerair Philippines (Angeles City Clark International) outright from parent Tigerair (Singapore Changi).

According to BusinessWorld Online, the Executive Director of the CAB, Carmelo L. Arcilla, said the regulator approved the deal noting that it would have no “adverse impact on competition” in the industry.

Cebu Pacific President and CEO, Lance Y. Gokongwei, said last month that “for the first year, we intend to keep the Tigerair Philippines brand.”

With the CAB greenlight now granted, the only hurdles left for the acquisition are regulatory approvals from the Securities and Exchange Commission and the Singapore Exchange where Tiger Airways Holdings Pte Ltd is listed.