We got a paper from Brussels with the official title: “LIST OF AIR CARRIERS OF WHICH ALL OPERATIONS ARE SUBJECT TO A BAN WITHIN THE EU”.
Inside the paper one can read in the column “banned”:
All air carriers certified by
the authorities with
responsibility for regulatory
oversight of the Philippines,
with the exception of
PAL is again allowed to operate within European airspace. Interesting news!
But why does Lucio Tan just now sell his shares of PAL? Tan isn’t known to let a good deal flow away. Either Tan got too old or there is something ‘smelly’ inside PAL.
We’ll see, when PAL flies to Paris or London in autumn.
[The paper can be read here: http://ec.europa.eu/transport/modes/air/safety/air-ban/doc/list_en.pdf ]
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