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Did CX Have Plans To Take Over Pal?  
User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9187 posts, RR: 15
Posted (12 years 11 months 1 week 1 day 19 hours ago) and read 1877 times:

Hey guys!

Phillippine Airlines was about to go bankrupt in 1998. At the end, they managed to sort everything out with the Trade Unions and PAL was saved!

I remember that Cathay Pacific had plans to take over Phillippines Airlines. What happened to the deal? How come CX did not buy PAL at the end?

And are they still interested in PAL? I guess PAL is on its own and they are doing alright........

Comments?

8 replies: All unread, jump to last
 
User currently offlineVictor From United Kingdom, joined Aug 2001, 90 posts, RR: 0
Reply 1, posted (12 years 11 months 1 week 20 hours ago) and read 1821 times:

I hear it before. .

User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9187 posts, RR: 15
Reply 2, posted (12 years 11 months 1 week 18 hours ago) and read 1810 times:

So are they still interested in PAL?

And by the way, how many planes does PAL have?


User currently offlineBluewhite From Hong Kong, joined Jul 2001, 333 posts, RR: 0
Reply 3, posted (12 years 11 months 1 week 13 hours ago) and read 1792 times:

CX are probably only interested in weathering the current crisis...........

about 5 ex-CX managers went to work as consultants for PR at that time to try and turn PAL around but eventually left.

BW


User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9187 posts, RR: 15
Reply 4, posted (12 years 11 months 1 week 10 hours ago) and read 1778 times:

It would have been nice to see PAL under Cathay Pacific's Kingdom..........  Smile

Actually, how many planes does PAL have?


User currently offlineZK-NBT From New Zealand, joined Oct 2000, 5351 posts, RR: 11
Reply 5, posted (12 years 11 months 1 week ago) and read 1768 times:

Air NZ got 1 747-4F6 in 98' and South African got 2 all 3 were going to PAL. They have a total of around 7 747's plus some A330 and A340's, do they have any narrowbodies?  Smile

User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9187 posts, RR: 15
Reply 6, posted (12 years 11 months 6 days 20 hours ago) and read 1751 times:

I think they also have B 747 Classics.......

User currently offline9V-SVE From Singapore, joined Nov 2001, 2066 posts, RR: 2
Reply 7, posted (12 years 11 months 6 days 20 hours ago) and read 1750 times:

Fleet:
4 747-400
3 747-200
8 A330-300
4 A340-300
3 A320-200
9 B737-300
3 B737-400


User currently offlineAndrewfung From , joined Dec 1969, posts, RR:
Reply 8, posted (12 years 11 months 6 days 19 hours ago) and read 1747 times:

if memory serves rightly, CX where said to be involved in a management contract. those discussions fell through as PAL was seen as something of a basket case (my reading between the lines).

these days i doubt very much that CX would want to go through the trouble again. PAL is really only a domestic market play for CX and thus limited appeal. CX has a good international network, why weigh it down with the additional burden? if CX were to ever consider it seriously (a buyout) then it would have to be at a serious discount. not sure that Lucio Tan (current chairman and major shareholder) would want to do that unless it was obvious it was going down the tubes and no govt $$$ were forthcoming.


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