PAL & Airphil Express – Lucio Tan confirms

A few days ago we informed you about the investments of the San Miguel Group in PAL, the holding of Philippine Airlines. (read here). Yesterday evening Lucio Tan confirmed the investments of the San Miguel Corporation.

Wednesday, April 4, 2012
MESSAGE FROM DR. LUCIO C. TAN

To my Airphil Express Family,

I wish to share with you a very important development in Airphil Express’ corporate existence.

Last night, San Miguel Corp. president Ramon S. Ang and I, signed an investment agreement which paves the way for SMC’s entry into Airphil Express.

This development bodes well for the airline as one of the country’s fastest growing low-cost carriers. The expected infusion of fresh capital and planned acquisition of new fleet are expected to result in better service to the flying public and more secure jobs.

I am proud to say that over the past several years, Airphil Express has displayed competitive edge in the market clamoring for affordable yet efficient airline service. It has been a tough and uphill climb, but we managed to survive in this challenging airline environment.

SMC’s entry should further boost efforts towards ensuring synergy between our two companies. With this mindset, I believe we are entering into a new and exciting phase in our corporate existence.

I look forward to your continuing support in making Airphil Express the leading low cost carrier in the country.

DR. LUCIO C. TAN

We only can say cheers Cheers

Related posts

  • Philippine Airlines – a tough lessonApril 7, 2014 Philippine Airlines – a tough lesson Philippine Airlines has cancelled an order for five Airbus A330-300 aircraft that was part of a multi-billion dollar order announced in […]
  • We found “Saint Zest” !August 18, 2013 We found “Saint Zest” ! While surfing in the Philippines' airlines waves we found "Saint Zest"! 2Z also known as Zest Air or Pest Air had been grounded […]
  • European sky soon open for PALJuly 11, 2013 European sky soon open for PAL 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 […]
  • Airphil Express is faster than the PopeFebruary 15, 2013 Airphil Express is faster than the Pope Everybody had been astonished by the announcement of Pope¬†Benedict XVI to step down on February 28 at 8:00 p.m. But Airphil-Express is […]
  • Soon cost transparency with promo tickets?May 15, 2012 Soon cost transparency with promo tickets? The Department of Trade and Industry (DTI), Department of Tourism (DOT), and the Civil Aeronautics Board (CAB) have come up with […]
Share if you like

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter Captcha Here : *

Reload Image

error: Content is protected !!