United Airline
Topic Author
Posts: 8790
Joined: Wed Jan 10, 2001 5:24 pm

Did CX Have Plans To Take Over Pal?

Mon Nov 19, 2001 6:41 pm

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?
 
Victor
Posts: 93
Joined: Fri Aug 31, 2001 11:21 pm

RE: Did CX Have Plans To Take Over Pal?

Tue Nov 20, 2001 6:06 pm

I hear it before. .
 
United Airline
Topic Author
Posts: 8790
Joined: Wed Jan 10, 2001 5:24 pm

RE: Did CX Have Plans To Take Over Pal?

Tue Nov 20, 2001 7:47 pm

So are they still interested in PAL?

And by the way, how many planes does PAL have?
 
bluewhite
Posts: 313
Joined: Sun Jul 22, 2001 12:25 pm

RE: Did CX Have Plans To Take Over Pal?

Wed Nov 21, 2001 12:43 am

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
 
United Airline
Topic Author
Posts: 8790
Joined: Wed Jan 10, 2001 5:24 pm

RE: Did CX Have Plans To Take Over Pal?

Wed Nov 21, 2001 3:26 am

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

Actually, how many planes does PAL have?
 
ZK-NBT
Posts: 5109
Joined: Mon Oct 16, 2000 5:42 pm

RE: Did CX Have Plans To Take Over Pal?

Wed Nov 21, 2001 2:18 pm

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
 
United Airline
Topic Author
Posts: 8790
Joined: Wed Jan 10, 2001 5:24 pm

RE: Did CX Have Plans To Take Over Pal?

Wed Nov 21, 2001 6:04 pm

I think they also have B 747 Classics.......
 
9V-SVE
Posts: 1953
Joined: Mon Nov 12, 2001 7:51 pm

RE: Did CX Have Plans To Take Over Pal?

Wed Nov 21, 2001 6:06 pm

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

RE: Did CX Have Plans To Take Over Pal?

Wed Nov 21, 2001 7:15 pm

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.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos