Zest Airways, Inc., operated as AirAsia Zest (formerly Asian Spirit and Zest Air), was a Filipino low-cost airline based at Ninoy Aquino International Airport in Pasay, Metro Manila in the Philippines. It operated scheduled domestic and international tourist services, mainly feeder services linking Manila and Cebu with 24 domestic destinations in support of the trunk route operations of other airlines. The airline was founded as Asian Spirit, the first airline in the Philippines to be run as a cooperative. After its acquisition by AMY Holdings of businessman Alfredo Yao in 2008, the airline was rebranded as Zest Airways. In 2013, the airline was rebranded as AirAsia Zest and became an affiliate of Philippines AirAsia operating their brand separately. The airline was merged together with AirAsia Philippines to form Philippines AirAsia in 2015. History Beginnings as Asian Spirit Asian Spirit was established in September 1995 by Antonio "Toti" Turalba, Emmanuel "Noel" Oñate and Archibald Po, who contributed US$1 million each to start up the Airline Employees Cooperative (AEC). They arranged for 36 of their friends, mostly former Philippine Airlines employees, to run Asian Spirit through a salary-to-equity swap deal. The Po family held the majority of ownership. It started operations in April 1996 with two second-hand Dash 7 aircraft servicing only one scheduled commercial route with two flights per day from Manila to Malay, serving the fledgling resort island of Boracay. To maximise its aircraft utilisation, it introduced new routes to the present-day towns of San Jose, Virac, Daet and Alcantara, and the cities of Cauayan and Masbate, regarded as secondary and tertiary routes by Air Transportation Office, and not serviced by major airlines. In 1997, the cooperative changed to a corporate set-up with the establishment of Asian Spirit, Inc., whose registration was approved by the Securities and Exchange Commission in 2005. At the time, Asian Spirit has the distinction of being the first scheduled airline to serve Caticlan Airport, the nearest airport serving Boracay. Other operators served the airport on a charter basis then. It became the Philippines' fourth flag carrier (after Philippine Airlines, Cebu Pacific and Air Philippines) in 2003. The airline planned to fly to three international destinations to Sandakan, Malaysia from Zamboanga, to Seoul from Kalibo, Laoag, and Davao, and Macau from Angeles City. However these international routings never took off. It also intended to commence international expansion to Bangkok in 2007. Rebranding as Zest Airways In