LTSI buys shares of top car rental firm Pacific Blue
Oct 2, 2020
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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, the Pacific Blue Rent A Car Corp. This was revealed by LTSI President and CEO Ronnie Nacuda, who said that the LTSI bought 35 percent of shares into the Pacific Blue in order to bolster its strength as a leader in the transport solutions services in the country. Nacuda said the decision to buy into the 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 the 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 the LTSI into the company. With Pacific Blue’s strength as a major player in the airport and tourism transport sectors, and the LTSI’s clout in the manufacturing industry, Delos Reyes said the 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. As a transport solutions provider, the LTSI has a strong background in providing transport services to some of the country’s biggest corporate clients, particularly in the manufacturing industry, with names such as Unilever and RFM, to name a few. Pacific Blue Rent A Car Corp., owned and operated by the Pacific Blue Transport Services, Inc., on the other hand, has a robust network of clients in the airport and tourism sectors. 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. For more information about LTSI and Pacific Blue Transports Services, Inc., check https://lifestransportservices.com and www.pbrentacar.com .