Philippines AirAsia, operating as Philippines AirAsia, Inc. is a low-cost airline based at Ninoy Aquino International Airport in Metro Manila, Philippines. The airline is the Philippine affiliate of AirAsia, a low-cost airline based in Malaysia. The airline started as a joint venture between three Filipino investors and AirAsia International Ltd, a subsidiary of AirAsia Berhad. The original Filipino group includes: Antonio O. Cojuangco, Jr., former owner of Associated Broadcasting Company/owner of Dream Satellite TV; Michael L. Romero, a real estate developer and port operator; and Marianne Hontiveros, a former music industry executive and TV host. In 2013, a share-swap agreement with Zest Airways added Alfredo Yao of Zest-O Corporation as an additional owner of the company.