After a year highlighted by plans to order 31 new Airbus jets, Philippine low-cost carrier Cebu Pacific has become the newest member of the International Air Transport Association (IATA) following budget airlines such as India’s IndiGo.

The Philippine-based carrier has achieved compliance with the organization’s Operational Safety Audit (IOSA) which paved the way for joining the major trade association for the global aviation industry. At present, the IOSA has 437 airlines registered while becoming the 290th member of IATA.

Cebu Pacific joins Philippine Airlines as the second Philippine-based carrier with IATA membership.

“We are pleased to join IATA as we can gain access to expertise and learnings on best practices and innovations among global airlines, as well as help formulate policies on critical aviation issues. Moreover, we will also be able to share our own operational experience and contribute to further developing the airline industry as a whole,” Lance Y. Gokongwei, President and CEO of Cebu Pacific, said in a statement.

“We warmly welcome Cebu Pacific, Asia’s oldest low-cost carrier, to the IATA family. Today about 20% of our members globally are low-cost carriers and we encourage more to join. We look forward to working together with the Cebu Pacific team to help shape industry standards, best practices and policies that ensure the safe, efficient and sustainable growth of aviation in the Philippines and Asia. Together with our 290+ member airlines, we make aviation the business of freedom,” Conrad Clifford, IATA Vice-President for Asia Pacific.

Founded in 1988, Cebu Pacific is Asia’s oldest budget airline and is a part of the Philippine conglomerate JG Summit. With its subsidiary CebGo, the airline operates flights to 74 destinations with 64 aircraft with hubs in Manila, Cebu, Clark, Iloilo, Davao, Cagayan de Oro, and Kalibo. The airline’s fleet comprises of Airbus A320/A321, A330, and ATR-72 turboprop aircraft.

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