It would be nice if Cebu Pacific or another asian operator or group of operators would aquire CIA. But that would require a substantial investment, buying CIA from Alpha and then getting the required IFR aircraft and another A320 Simulator. But in the long term it would probably be a good business decision ensuring them of a steady stream of pilots trained to their requirements.
In reality they would probably be better off starting from scratch and not have to pay for Alpha's mistakes and bad reputation.