jasp25 From United States of America, joined Aug 2007, 616 posts, RR: 1 Posted (2 years 10 months 2 weeks 1 day 3 hours ago) and read 4286 times:
Interesting, I wonder what airline they'll be purchasing.. I read somewhere this strategy is to enable PAL to circle around the category 2 restriction on Philippine-based carrier.
MANILA (Reuters) - Diversified conglomerate San Miguel Corp (SMC.PS) wants to expand its airline business via a regional acquisition and by growing its fleet as it seeks to reclaim the top position its unit Philippine Airlines (PAL.PS) lost to budget carrier rivals.
Thomas_Jaeger From Switzerland, joined exactly 13 years ago today! , 2423 posts, RR: 27
Reply 3, posted (2 years 10 months 1 week 6 days 17 hours ago) and read 3336 times:
The way I interpret the articles I have read about this by regional he meant a foreign carrier outside the Philippines but in South East Asia. No ideas yet on who that could be as I doubt they would have the financial strength or management capabilities to buy a large carrier.
Swiss aviation news junkie living all over the place
jasp25 From United States of America, joined Aug 2007, 616 posts, RR: 1
Reply 4, posted (2 years 10 months 1 week 5 days 15 hours ago) and read 3020 times:
That's how I interpret too Thomas.. This is to acquire potential future assets and circumvent the FAA restrictions imposed on Philippines-based carrier. With a foreign operating carrier license they could then mount more flights to the US using a non-Filipino license.