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Posts tagged with "PAL Holdings"

PAL lays off 300 staff amid mounting losses, COVID-19

PAL lays off 300 staff amid mounting losses, COVID-19

Feb. 29 | Philippine Airlines (PAL) is laying off about 300 ground-based administrative and management personnel to stem losses partly brought on by effects of the COVID-19 (coronavirus disease). In a February 28 statement, the airline said the business restructuring...

PAL Holdings chair Lucio Tan Sr. appointed group president

PAL Holdings chair Lucio Tan Sr. appointed group president

Feb. 20 | Dr. Lucio C. Tan, Sr. Dr. Lucio C. Tan, Sr. has been appointed president of PAL Holdings, Inc. (PHI), the parent firm of flag carrier Philippine Airlines (PAL). Tan Sr. fills the position vacated by his late son, Lucio K. Tan, Jr., who passed away in...

Lucio Tan’s grandson takes key posts in family enterprises

Lucio Tan’s grandson takes key posts in family enterprises

Dec. 20 | Image from Pixabay. Lucio “Hun hun” C. Tan III, grandson of tycoon Dr. Lucio C. Tan, Sr., has been elected as director of PAL Holdings, Inc. (PHI) and its subsidiaries, Philippine Airlines, Inc. (PAL) and Air Philippines Corp. (APC). Tan III, 27,...

PAL group sinks deeper into red with P7.86M loss in Jan-Sept

PAL group sinks deeper into red with P7.86M loss in Jan-Sept

Nov. 17 | PAL Holdings, Inc. reported a bigger loss of P7.863 million in the first nine months of 2019 from the P3.287 million it lost in the same period last year as it recorded a hefty loss in the third quarter. For the third quarter of 2019 alone, total comprehensive...

PAL Holdings president Lucio “Bong” Tan, Jr. dies

PAL Holdings president Lucio “Bong” Tan, Jr. dies

Nov. 11 | PAL Holdings, Inc. president Lucio Tan, Jr. was hospitalized last November 9 after collapsing during a basketball match. He passed away on November 11. He was 53. PAL Holdings, Inc. president Lucio Tan, Jr. passed away on the morning of November 11 due...

Santa Maria quits as chief of PAL Holdings, stays on at PAL Inc

Santa Maria quits as chief of PAL Holdings, stays on at PAL Inc

Oct. 29 | Gilbert Santa Maria has resigned as president and director of PAL Holdings, Inc., the holding company of airline PAL Inc, just three months after his appointment, citing personal reasons. He remains PAL Inc’s president. PAL Holdings, Inc., in a disclosure...

ANA Holdings joins PAL board of directors following share purchase

ANA Holdings joins PAL board of directors following share purchase

Jun. 4 | Image by rawpixel from Pixabay Philippine Airlines (PAL) has elected ANA Holdings, Inc. (ANA HD) senior advisor Ryuhei Maeda as a member of its Board of Directors, after the Japanese firm acquired a 9.5% share in the Philippine flag carrier’s parent...

Cargo revenue decline sets back PAL income by 57%

Cargo revenue decline sets back PAL income by 57%

Nov. 24 | Philippine Airlines (PAL) posted a double-digit decline in net income for the first nine months of 2016, reporting a 57% reduction to P2.599 billion from P6.108 billion in the same period last year. In a regulatory disclosure, parent company PAL Holdings,...