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- 1. ANA to Acquire 9.5% Stake in PAL
ANA Holdings, the parent company of All Nippon Airways (ANA), is to invest US$95 million in PAL Holdings and acquire 9.5% of PAL Holding’s outstanding shares. PAL Holdings is the parent of Philippine Airlines Inc. (PAL), the Philippine flag carrier.
- 2. PAL Signs Engine Maintenance Contract with AFI KLM E&M
PAL Signs Engine Maintenance Contract with AFI KLM E&M. Philippine Airlines (PAL) has entered into a 12-year contract with AFI KLM E&M for maintenance and engineering support of its GE90 engines, the primary workhorses of PAL’s fleet of Boeing 777-300ERs. The agreement covers on-site and on-wing maintenance, shop visits, component support, spare engines and engineering support for
- 3. PAL Reports Q1 2011 Traffic
PAL Reports Q1 2011 Traffic. Philippine Airlines (PAL) carried a total of 1.06 million passengers in Q1 2011 – up 7% from 942,144 passengers in the same period last year. First quarter figures from the Civil Aeronautics Board (CAB) show that PAL’s inbound passengers stood at 477,039 and outbound, 529,212.
- 4. PAL Express to Add Five New Routes to Cebu Network
PAL Express to Add Five New Routes to Cebu Network. PAL Express, Philippine Airlines' low-cost carrier, will add five new routes to its Cebu network on July 1, 2008, nearly doubling the present reach of its main hub and expanding the PAL's domestic network to 30 routes across 21 destinations throughout the country. The new services will be between Cebu and Cagayan de Oro, Cebu and
- 5. PAL Begins to Resume Normal Operations
PAL Begins to Resume Normal Operations. PAL spokesperson Cielo Villaluna said PAL’s average 160 domestic and international flights daily continue to operate normally and as scheduled. Only one flight each to Iloilo, Bacolod and Cagayan de Oro have been rescheduled, while all other flights to these three provinces remain unchanged.
- 6. PAL Realigns Flights for 'Lean Season'
PAL Realigns Flights for 'Lean Season' PAL Realigns Flights for 'Lean Season'. Based on the list submitted by PAL to the Civil Aeronautics Board (CAB), routes with reduced frequencies include those going to and from Manila and Ozamiz, Dipolog, Puerto Princesa and Cebu. Meanwhile, there will temporarily be no operation between Cebu and Davao. This route will be reinstated during the
- 7. PAL Gets US$50m Credit Line to Fund Spin Off/Outsourcing
Philippine Airlines has sealed an agreement with Credit Suisse to help finance part of the P2.5-billion spin off/outsourcing program set to take effect on 1 October 2011. PAL chief finance officer Jose Gabriel Olives said the European bank agreed to lend PAL US$50-million which the airline will use to pay the separation and other transition benefits of close to 2,400 workers affect
- 8. PAL Offers P80m to Settle CBA with Flight Crew
PAL Offers P80m to Settle CBA with Flight Crew. Philippine Airlines has offered an P80-million package to its flight attendants and stewards to settle and close their collective bargaining agreement (CBA) for the period 2005-2010. The offer was made at the resumption of CBA talks between PAL management and officers of the Flight Attendants and Stewards Association of the Philippine
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