PAL Express, formerly Air Philippines or Airphil Express, is an airline operating under the business name of Air Philippines Corporation. It operates domestic and international scheduled services from Manila, Cebu, Davao City and Zamboanga. The airline has been re-branded a number of times, first as Air Philippines, then Airphil Express, and is now known as PAL Express. After a series of financial losses, Air Philippines ceased operations until it was acquired by investors from Philippine Airlines. After the acquisition, the airline was re-launched as PAL Express, operating some routes and slot assignments of its sister company Philippine Airlines until management decided to re-brand the carrier as a budget airline known as Airphil Express. However, in March 2013, the company's CEO announced that the name would revert to PAL Express. As a codeshare partner of Philippine Airlines, PAL Express operates as a full service carrier within a low-cost model.