BIZ BUZZ: From aviation to shipping

Chelsea Logistics and Infrastructure Holdings Corp. has welcomed Gilbert Santa Maria as the newest member of its board of directors.

The shipper led by Davao-based businessman Dennis Uy said Santa Maria’s “extensive expertise in the transportation and logistics industry will provide valuable insights and drive further growth for the company.”

Santa Maria previously served as president of Philippine Airlines, helping the flag carrier complete the Chapter 11 bankruptcy process in 2021.

Chelsea, for this year, said it was keen on growing revenues by “expanding services, which are responsive to market conditions and focus on profitable routes.”

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“We will explore strategic partnerships for growth and cost-sharing. Finally, we will maintain a stable balance sheet and manage debt levels to ensure liquidity,” president and CEO Alfonsus Damuy said.