Taipan Lucio Tan’s Philippine Airlines (PAL) has reshaped its leadership team with the formal appointment of Richard Nuttall as president and lawyer Carlos Luis Fernandez as chief operations officer.
The chief of the Gokongwei family-controlled budget airline lauded PAL for executing a successful bankruptcy exit and restructuring during the pandemic, which saw the balance sheet of the Lucio Tan-owned firm unburdened of $2 billion in debt.
A Hong Kong investment fund appeared on the domestic radar as Philippine Airlines’ second-largest shareholder next to owner taipan Lucio Tan, after quietly buying P2.3 billion worth of shares from creditors stuck with equity after the flag carrier’s second bankruptcy.
Philippine Airlines (PAL) has launched its first nonstop flights between Cebu and Ho Chi Minh City, directly linking Central Visayas and Vietnam’s commercial capital.
Philippine Airlines has rolled out its first-ever e-Wallet, allowing travelers to store and manage various PAL-issued e-Cards—such as e-Gift Cards, Miles e-Cards, Travel Credits, and Compensation Vouchers—in one centralized account.
Taipan Lucio Tan’s Philippine Airlines (PAL) is bringing back its in-house pilot school with a bold refresh, teaming up with Australia’s Airways Aviation to train the next generation of aviators.
Taipan Lucio Tan’s Philippine Airlines (PAL) has launched the first nonstop Cebu-Catarman flights, strengthening its domestic network and improving air connectivity for Northern Samar.