It's official: San Miguel buys into PAL

[uls]

Airbus wins $7 bln Philippine Air order despite U.S. lobbying | Reuters

A territorial spat in the South China Sea, Asia's biggest potential military flashpoint, appears to have added a diplomatic dimension to the aircraft order talks as Washington seeks to cement a growing alignment with Manila on the issue.

One person familiar with the matter said there had been significant "commercial and political pressure" on the airline to secure a deal with Boeing.

Boeing declined to comment on the negotiations.

In Washington, the State Department did not immediately respond to a request for comment.

[Monseratto]

PAL will be buying additional 777s and maybe 787s to make up the envisioned 100 plane fleet. I guess Boeing's B737 didn't prove to be a better product over the A319/A320/A321 series... and also PAL is happy with it's existing Airbus fleet.

[Monseratto]

Hmmm...saan 15 minutes from Makati na 2,000 hectare na lot? Laguna?

PAL unveils ambitious plan to build own airport
August 30, 2012 3:03pm

With new investors clearly in the picture and committed to pursuing a more profitable path in global aviation, flag carrier Philippine Airlines intends to build a new airport of its own in a 2,000-hectare property 15 minutes away from Makati City.

In a report to shareholders during a meeting Thursday in Manila’s Century Park-Sheraton Hotel, PAL chairman Lucio Tan said investments are being made to put the airline firmly on the path to future growth.

The planned air terminal with four runways will be presented to President Benigno Aquino III for approval, PAL president Ramon S. Ang told reporters during a press conference after the stockholders’ meeting.

This is to ensure the project is aligned with the Aquino administration’s tourism master plan, according to the PAL president.

PAL would start building the new terminal in 2013, hiring Korean contractors, as soon as the President approves the project. "We can finish the terminal in three years," Ang said.

He declined to give further details of the project, other than saying it would be easy to get financing with a $500-million equity. Ang added he is now in talks with potential investors.

“Despite multiple challenges last year, PAL stayed the course and dramatically restructured its operations, enabling your airline to attract much-needed strategic investments and prime itself for sustained push in the years ahead,” said Tan.

In a separate report, the airline noted it was back in the black with $11.4 million in net profit for fiscal first quarter ending June, 2012 – from a net loss of $10.6 million a year earlier.

Now, the airline said, it has put the difficulties of the past year behind and has gained stability as well as increased its yield, load factors and cargo volumes since new investors – principally San Miguel Corp. – came in last April.

The airline noted it incurred a net loss of $99.79 million in fiscal year 2011-2012, mainly because of a debilitating labor row, the Japan earthquake and tsunami disaster with its accompanying nuclear crisis, and a regime of volatile fuel prices amid civil strife in the Middle East and North Africa.

PAL's comprehensive loss of $99.79 million in the 12 months to March 31, 2012 was a “stark reversal” from the $72.52 million income a year earlier. Tan said. — VS, GMA News

[ZENMasterTYL]

Hmmm...saan 15 minutes from Makati na 2,000 hectare na lot? Laguna?

parang dati tinitingnan nila ang bulacan

[Monseratto]

Baka flying from Makati pag sa Bulacan...

[CVT]

Hmmm...saan 15 minutes from Makati na 2,000 hectare na lot? Laguna?

Ayos iyan,- para naman maging pleasant and relaxing experience ang air travel dito sa atin....

Sabi na kasing gibain ang mga bahay hanggang sa may Bicutan e....(political will)..... (Malawak na airport na iyan!)....

O, across ng SLEX sa may FTI area...although 100+ hectares lang, and am not sure kung tama ang terrain at laki sa gusto nilang airport extension.... May overpass ng eroplano sa SLEX/Skyway....

16.8K:laundry:

[Boy Bastos]

PAL will be buying additional 777s and maybe 787s to make up the envisioned 100 plane fleet. I guess Boeing's B737 didn't prove to be a better product over the A319/A320/A321 series... and also PAL is happy with it's existing Airbus fleet.

Hamak na mas malaki pa ang plane fleet ng PAL kaysa sa PAF. :D

[timrev]

PAL plans to build own airport
http://www.abs-cbnnews.com/business/...ld-own-airport

- 2,000-hectare property and would boast of a modern passenger terminal and four runways.
-With two initial runways
-the proposed international airports could handle 1,500 events (landing and take-off) per day putting the Philippines at par with the airports in Sydney, Australia as well as Heathrow in London.
-proposed airport would be accessible via elevated six-lane highways and would also feature hotels, malls, and other facilities.
-he company would tap other investors to put up the proposed international airport that would be completed within three years.
- the airline is looking at tapping a Korean contractor to put up the proposed international airport.
-an additional equity infusion of $500 million from existing shareholders would be enough to raise the financial requirement of the new international airport.
- the multi-million dollar international airport project could be funded through a soft loan from the Export-Import Bank of Korea.

[timrev]

parang dati tinitingnan nila ang bulacan

yun ba un Plaridel Airport? acquired nalang sana nila yun sangley airbase sa cavite city

sana totoo wag press release lang di katulad nun plan din nila gumawa ng like bullet train sa PNR

saan kaya yan proposed PAL airport? bulacan, cavite, laguna?

[CVT]

yun ba un Plaridel Airport? acquired nalang sana nila yun sangley airbase sa cavite city

sana totoo wag press release lang di katulad nun plan din nila gumawa ng like bullet train sa PNR

saan kaya yan proposed PAL airport? bulacan, cavite, laguna?

Sangley Point? E saan ang iba pang daan?,- sa CAVITEX at Coastal Road ba kamo???.... Traffic!

Huwag na lang oyyyyy!...

16.8K:laundry: