Cebu Air—controlled by billionaire Lance Gokongwei and his family’s JG Summit—plans to gradually expand the company’s fleet over the next five years amid signs travel and tourism is staging a post-pandemic recovery.Cebu Air—controlled by billionaire Lance Gokongwei and his family’s JG Summit—plans to gradually expand the company’s fleet over the next five years amid signs travel and tourism is staging a post-pandemic recovery. Billionaire Lance Gokongwei’s Cebu Air To Expand, Renew Fleet As Travel Demand Rebounds