GUZMAN ACAIN has advised longtime client Huma Aviation Group on the proposed acquisition of Subic Seaplane Inc.

The acquisition, which is subject to ownership clearances by the Civil Aeronautics Board, will be made by Huma Aviation Group, a consortium of a local partner and foreign investors. The consideration for the acquisition has not been disclosed.
Subic Seaplane Inc. is the first company that has been issued a Certificate of Public Convenience by the Civil Aeronautics Board and Air Operator Certificate by the Civil Aviation Authority of the Philippines to operate amphibian aircraft and seaplanes for non-scheduled air transport services. Its hangar and facilities, which are included in the acquisition, is located at Lot 14, Argonaut Highway, Subic Bay, Subic Bay Freeport Zone, Olongapo, 2200 Zambales. This is owned by Michael Lawrence O’Farrel, American Veteran, and a licensed Pilot.
The GUZMAN ACAIN team was led by corporate lawyer and managing partner Alex Llanes Acain Jr. with assistance from other lawyers of the firm.
For further information please contact Alex Llanes Acain Jr., Managing Partner, on Mobile +63917 500 2878 or (02) 4033478 or email alexacain@gtalawphil.com.