jasp25 From United States of America, joined Aug 2007, 613 posts, RR: 2 Posted (1 year 8 months 3 weeks 6 days 20 hours ago) and read 3655 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 Apr 2002, 2356 posts, RR: 29
Reply 3, posted (1 year 8 months 3 weeks 5 days 11 hours ago) and read 2705 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, 613 posts, RR: 2
Reply 4, posted (1 year 8 months 3 weeks 4 days 8 hours ago) and read 2389 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.