Posted at 04/10/2014 6:33 PM | Updated as of 04/10/2014 10:32 PM

MANILA, Philippines (UPDATE) – The European Union (EU) officially lifted the ban on Cebu Pacific on Thursday, making the Gokongwei-led budget carrier the second local airline allowed to fly to Europe.

The announcement was made by EU Chargè d’ Affaires Dr. Julian Vassallo in a press conference attended by Civil Aviation Authority of the Philippines (CAAP) director general Lt. Gen. William Hotchkiss III, CAAP deputy director general Capt. John Andrews, Cebu Pacific president Lance Gokongwei, and Transportation Sec. Jun Abaya.

“Cebu Pacific Air has been taken off the list of the EU-banned airlines,” Vassallo said, noting that it was a unanimous decision made by the Air Safety Committee.

He added that the European Commission will also begin the process of assessing Philippine aviation including internal aviation later this year with the prospect of lifting the ban on Philippine aviation as a whole.

Gokongwei said the EU approval is “a testament to the commitment of the Philippine aviation authority to adhere to global aviation standards and contribute to the growth and development of Philippine carriers.”

Gokongwei said the airline has yet to decide when the Europe flights will begin operation. He said routes are still being studied.

He also said the airline will take delivery of about 50 more Airbus aircraft until 2021 to cater to more routes and frequency of key flights.

“We look forward to exploring opportunities in serving more of our kababayans beyond Dubai,” he added.

Cebu Pacific recently entered into a strategic alliance with Tiger Airways Philippines.

Cebu Pacific currently operates over 2,200 flights per week with 49 aircraft to 24 international and 33 Philippine cities while Tigerair Philippines currently operates about 118 flights per week with five aircraft to 11 domestic and international destinations from Manila and Clark.

Hotchkiss, meanwhile, lauded the lifting of the ban, saying it marks the credibility of CAAP in the global community.

The European Commission imposed a ban on Philippine carriers from entering the European airspace on March 2010, as the CAAP failed to reform the Philippines’ civil aviation system as mandated by the International Civil Aviation Organization (ICAO).

Last year, the EU cleared the Philippines after a three-year ban, but only flag carrier Philippine Airlines was allowed to mount flights to London.

Cebu Pacific informed the EU’s Directorate General for Mobility and Transport in Brussels in January this year that it has already complied with the outstanding aviation safety concerns.

On Thursday, the US Federal Aviation Administration also upgraded the Philippines’ civil aviation status to Category 1, which means the country’s carriers can now open new direct flights to the United States.