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Main article: History of Philippine Airlines. The airline was founded on February 26, 1941 as Philippine Air Lines when its franchise to operate was transferred from Philippine Aerial Taxi Company (PATCO). [3] Formerly one of the largest airlines in Asia, PAL was severely affected by the 1997 Asian financial crisis.
Philippine Aerial Taxi Company[edit] On December 3, 1930, the Philippine Aerial Taxi Company (PATCO) was established by Emanuel N. Bachrach. It commenced operations on March 18, 1931, with a round-trip flight from Manila to Iloilo. [2] The company then had scheduled Manila-Baguio and Manila-Paracale flights. [3]
Survivors. 292. Philippine Airlines Flight 434, sometimes referred to as PAL434 or PR434, was a scheduled flight on December 11, 1994, from Manila to Tokyo with a quick stopover in Cebu on a Boeing 747-283B that was seriously damaged by a bomb, killing one passenger and damaging vital control systems, although the plane was in a repairable ...
He also established philanthropies and encouraged good employee relations by sharing profits with his more than 16,000 employees by establishing a pension plan that paid retired employees 25% of their salary, with guaranteed sick leaves and medical benefits. He was the founder of Philippine Airlines, Asia's first air carrier
Notes. [6] Cebu Air, Inc. ( PSE : CEB ), operating as Cebu Pacific (stylized in lowercase ), is a Philippine low-cost airline based at Pasay in Metro Manila. Founded in 1988, [2] it is Asia's first low-cost airline and the Philippines' largest leading airline. [7] [8] [9] It offers scheduled flights to both domestic and international destinations.
Zest Airways, Inc., operated as AirAsia Zest (formerly Asian Spirit and Zest Air ), was a Filipino low-cost airline based at Ninoy Aquino International Airport in Pasay, Metro Manila in the Philippines. It operated scheduled domestic and international tourist services, mainly feeder services linking Manila and Cebu with 24 domestic destinations ...
Philippine Airlines introduced their first Airbus A330-300 on July 30, 1997, with the delivery of the first aircraft, F-OHZM. Philippine Airlines later acquired eight Airbus A330-300s as replacement for their aging Airbus A300B4 fleet's gradual retirement.
Lucio Chua Tan Sr. ( traditional Chinese: 陳 永 栽; simplified Chinese: 陈 永 栽; Pe̍h-ōe-jī: Tân Éng-chai; pinyin: Chén Yǒngzāi; born July 17, 1934) is a Filipino business magnate, investor, and philanthropist. He presides over the Filipino conglomerate company LT Group, Inc., a company with extensive business interests in sports ...