29 September 2020, Pasay City, Philippines—Life Transport Services, Inc. (LTSI), one of the country’s most notable transport solutions providers, announced recently that it has bought a significant stake into another top car rental firm Pacific Blue Rent A Car Corp.
This was revealed by LTSI President and CEO Ronnie Nacuda, who said that LTSI bought 35 percent of shares into Pacific Blue in order to bolster its strength as a leader in the transport solutions services in the country.
Nacuda said that the decision to buy into Pacific Blue was to show its resilience as a company and as a business that still managed to invest despite the ongoing COVID-19 pandemic that has affected its operations and the overall business environment.
“We are happy to have bought a significant stake into Pacific Blue, noting its growing reputation as a reliable, safety- and customer-centric company when it comes to delivering transport services. We have taken note of its solid performance as a top rent-a-car company servicing a varied roster of clients from some of the major industries in the country, particularly the tourism industry. Having been in the market for 17 years and with its exceptional growth curve, we are truly elated with this development,” Nacuda said.
In the future, Nacuda said there are plans to transition LTSI as a holding company and to be acknowledged as a leader in providing transport solutions to companies in the Philippines.
For his part, Joel delos Reyes, Chairman of Pacific Blue, welcomed the investment of LTSI into the company. With Pacific Blue’s strength as a major player in the airport and tourism transport sectors, and LTSI’s clout in the manufacturing industry, Delos Reyes said LTSI’s entry will represent a true synergistic relationship.
“We are grateful with the trust and confidence of LTSI on Pacific Blue. Both companies have tried-and-tested strengths in the airport, tourism and manufacturing sectors, which will make this relationship blossom into a successful one, especially next when the economy truly opens up after the pandemic,” Delos Reyes noted.
Pacific Blue Rent A Car Corp., owned and operated by Pacific Blue Transport Services, Inc., on the other hand, has a robust network of clients in the airport and tourism sector. It boasts of a strong service-driven, honest and trustworthy group of individuals, each one highly trained when it comes to providing transport services to discriminating clients, including multinational companies, Business Process Outsourcing (BPO) companies and hotels.
It operates a wide fleet of vehicles such as sedans, Sport Utility Vehicles (SUVs) and tourist buses. All vehicles are equipped with the latest technologies in transport solutions, including GPS vehicle trackers, free WiFi, plus basic fire protection and safety and medical equipment.