Asia > South-Eastern Asia > Philippines > Philippine Airlines planning Papua New Guinea service

Philippines: Philippine Airlines planning Papua New Guinea service

2015/01/05

Philippine Airlines Inc (PAL), the country’s flag carrier is looking at mounting flights to Papua New Guinea to accommodate the growing number of passengers.

The Philippines Star reported that PAL has filed with the Civil Aeronautics Board an application for re-allocation of additional entitlements on the Manila- Port Moresby from the unutilised seat entitlements before allocated to budget airline Cebu Air Inc. (Cebu Pacific).

The Tan Group is crafting a strategic plan that would pave the way for the entry of a foreign strategic partner into PAL within the next three years next successfully retaking back the national flag carrier from diversified conglomerate San Miguel Corp (SMC).

PAL president and chief operating officer Jaime Bautista before said the Tan Group is looking at taking in a strategic partner of up to 40 % of PAL over the medium term or within two to three years. To prepare for the entry of strategic partner, Bautista said PAL would finalise a short term plan inclunding the review of the airline’s fleet next SMC undertook a massive refleerting program next it bought into PAL through San Miguel Equity Investments Inc. in April 2012.

Again PAL president and chief operating officer Ramon S. Ang entered into two separate agreements worth close to $10 billion (K25.7 billion)for the acquisition of 65 brand new Airbus aircraft.

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