WCC Aviation is acquiring a 30% stake in PhilJets for an undisclosed amount while banking giant BNP Paribas is setting up an operations hub in the Philippines.
WCC Aviation to acquire 30% stake in PhilJets
Aviation business group WCC Aviation has agreed to acquire a 30% stake in Philippine aviation services provider PhilJets Aero Services Inc. for an undisclosed amount.
The investment will extend WCC Aviation’s portfolio beyond aviation education, pilot training, and airline operations into charter flights, aircraft maintenance, technical support, and other aviation services, according to an announcement.
PhilJets provides services covering business jets and helicopters, including aircraft management, maintenance, and repair. The company said it also has technical capabilities in avionics, engines, and airframes, supported by relationships with international aerospace manufacturers.
“We are excited about this new partnership to further strengthen the aviation ecosystem and build on stronger safety, quality, and innovation,” said Thierry Tea, founder and chairman of PhilJets.
BNP Paribas to establish PH operations hub
Paris-based banking giant BNP Paribas is setting up a Philippine operations hub in Taguig City to support global shared services for its corporate and institutional banking business.
BNP Paribas Solutions Philippines will occupy office space at Uptown Eastgate, a 31-storey tower with about 100,000 square metres of gross leasable area, according to an announcement.
BNP Paribas, ranked 58th on the 2026 Fortune Global 500, operates in 64 countries and territories and employs more than 180,000 people,
The move adds to the roster of multinational companies operating in Uptown Bonifacio, including JPMorganChase, Google, Tesla, and Coca-Cola.
