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Old August 16th, 2012, 02:20 PM   #981
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Tiger Airways Completes Investment in SEAir
(WCARN.com/The Sun Daily, Aug. 14)

Quote:
Tiger Airways Holdings Ltd, one of Asia's leading low-cost carriers, today completed the transaction to acquire a 40 percent stake in Southeast Asian Airlines Inc (SEAir) for US$2.5 million. The US$7 million purchase price, which was agreed with the sellers, has been reduced by liabilities determined in a due diligence review.

The investment will be held through Tiger's wholly-owned subsidiary, Roar Aviation II Pte Ltd. Tiger is committed to supporting the working capital needs of SEAir, including pre-existing liabilities, with shareholder loans of up to US$40 million. The loan tenure is for five years.

Commenting on the acquisition, Tiger Group Chief Executive Officer Koay Peng Yen, said: "Together with our Philippines' business partners, our immediate focus will be on scaling up the business through network expansion, building a strong customer base and establishing the airline's brand presence." He said the Philippines has tremendous growth potential and "we welcome the opportunity to be at the heart of it."
more: http://www.wcarn.com/cache/news/20/20851.html
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Old August 28th, 2012, 01:00 PM   #982
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PAL buys Airbus jets
by Philippine Airlines
Quote:
Philippine Airlines today inked with Airbus the biggest aircraft deal in Philippine history involving a firm order for more than 50 single-aisle and wide-body jets, with a list price of approximately US$7 billion. Photo shows PAL and Airbus officials during the signing ceremony at Century Park Hotel, from left, PAL vice chairman and treasurer Harry C. Tan, PAL Chairman Dr. Lucio C. Tan, Airbus Senior VP for Asia Jean Francois Laval and PAL President Ramon S. Ang.




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Old August 28th, 2012, 02:15 PM   #983
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PAL Places Order For 54 Airbus Aircraft Worth $7 Billion
Quote:
MANILA, Philippines — Philippine Airlines (PAL) has placed a firm $7 Billion order with Airbus covering 54 aircraft, part of the 100 aircraft total required for itself and Air Philippines in the next three years, PAL President Ramon S. Ang announced in a press conference on Tuesday.

The aircraft deal is the biggest to date in Philippine history.

It consists of single-aisle A321s and widebody A330-300s, the latest HGW (High Gross Weight) models. The first batch of aircraft are being ordered under a major fleet modernization program at the airline with deliveries starting 2013.
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Old August 28th, 2012, 02:42 PM   #984
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good news 55555(ha ha ha ha ha)
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Old August 28th, 2012, 06:26 PM   #985
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Great news for PAL!!!
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Old August 30th, 2012, 05:17 PM   #986
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PAL poised to soar to profitability

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Flag carrier Philippine Airlines (PAL) is poised to soar to greater heights starting next year as it takes delivery of new planes—more than doubling the size of its current fleet.

Even without the new planes, PAL president Ramon S. Ang said the company might post a modest profit for its current fiscal year that ends next March.

“The company is already registering a profit,” Ang said at a press conference on Tuesday. He said the airline’s better performance was a result of “discipline,” leading to lower maintenance costs.

PAL’s parent firm PAL Holdings posted a P489.2-million profit in the April to June period of 2012, the first quarter of the company’s fiscal year. This was an improvement from the P475.1-million loss posted the year before.
http://business.inquirer.net/79248/p...-profitability
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Old August 31st, 2012, 05:14 PM   #987
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COCKTALES | PAL plans premium economy seating
By: Victor C. Agustin
August 31, 2012 3:10 AM
InterAksyon.com
The online news portal of TV5

Quote:
Philippine Airlines plans to introduce premium economy seating "by mid-2013," PAL president Ramon S. Ang said Thursday at the sidelines of the flag carrier's shareholders' meeting.
Quote:
PAL will also roll out by next year full-flat seats in its business class section along with the delivery of additional long-range planes, hopefully in time for the US lifting of the restrictive category 2 status on the Philippines, Ang added.
Quote:
Even with the US-imposed restrictions, PAL has managed to obtain approval from Canadian authorities to fly to Toronto starting November 28, timed with the delivery of the fourth Boeing 777-300ER.
Quote:
The Toronto flight would alternate with the now daily Manila-Vancouver flight reduced to three-to-four frequencies a week, Ang said.
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Old September 5th, 2012, 05:15 PM   #988
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DOTC bids out P319-M modernization of Tacloban, Dipolog airports

InterAksyon.com
August 31, 2012 7:11 PM

Quote:
MANILA - The Department of Transportation and Communications is seeking bids for the P319 million modernization of the Tacloban and Dipolog airports.

About P251.6 million would be set aside for the Tacloban Airport, particularly for the construction of a new apron and taxiway, completion of north-east shore protection with shoulder grade correction, construction of drainage system with box culvert, and the construction of temporary transition.

Another P66.9 million would be used to spruce up the Dipolog Airport, which includes the expansion of the apron, widening of taxiway, construction of ramp, construction of river protection with shoulder and the construction of box culvert and drainage system.


The DOTC will issue bid documents from August 31 to September 19, with its Bids and Awards Committee to hold a pre-bid conference on September 11. The opening of bids for both airport projects is set on September 24.

Tacloban Airport, which services flights to and from Manila and Cebu, is the eighth busiest in the country, with its passenger traffic hitting the one-million mark last year. In the first six months of this year, the airport accommodated 608,769 passengers.

Dipolog Airport, which services flights to and from Manila and Cebu, is one of the major air terminals in Mindanao, accommodating 165,163 passengers in 2011 and is poised to reach the 200,000 mark this year.
http://www.interaksyon.com/business/...polog-airports

Existing Tacloban City Airport - Central Philippines

Quote:
Originally Posted by thebattlecry View Post
Photos owned by Neil Lee



Existing Dipolog Airport - Southern Philippines

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Originally Posted by dashalvin View Post

Credits to photo owner.

Last edited by the glimpser; September 5th, 2012 at 05:48 PM.
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Old September 5th, 2012, 05:20 PM   #989
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Aquino, NEDA board approve construction of new airports

September 4, 2012

Quote:
President Benigno S. Aquino III and the National Economic and Development Authority (NEDA) board approved on Tuesday the construction of the Bicol International Airport project and the New Bohol (Panglao) Airport Development project.

The P4.7 billion Bicol International project in Daraga, Albay will replace the existing Legazpi Airport, Secretary Ramon Carandang of the Presidential Communications Development and Strategic Planning Office said in a media briefing in Malacanang on Tuesday.

The initial plan was to expand the Legazpi Airport but Carandang said there’s a mountain blocking airplanes during approach so planners considered finding a new location.

The P8-billion New Bohol (Panglao) Airport Development Project, on the other hand, once constructed is expected to spur development as more businesses grow and more tourists come to the Visayas region.
http://president.gov.ph/news/aquino-...-new-airports/

Quote:
Originally Posted by [dx] View Post
Site of the Southern Luzon International Airport
Photos by Herald Presado






Quote:
Originally Posted by dashalvin View Post
Panglao International Airport Finally to Happen as a PPP After Public Funds Earmarked Were 'Lost'
By Ric V. Obedencio in Bohol and the Philippine Public Transparency Reporting Project in Manila
Tuesday, 28 June 2011


On this site will rise: Bohol may finally see its own international airport in this portion of Panglao Island after almost two decades of changing plans and seemingly lost funds. RIC V. OBEDENCIO


The office of the Panglao Airport Development Project Task Force is also now being built in the area, sending signs that plans would finally push thru. RIC V. OBEDENCIO

Last edited by the glimpser; September 5th, 2012 at 05:32 PM.
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Old September 13th, 2012, 01:33 PM   #990
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PH inks multi-million Palawan airport deal

Quote:

AFP News - Tourists exploring a cave at the Puerto Princesa Subterrarean River National Park located in Puerto Princesa, on the western Philippine island of Palawan, on February 2011. Tourist numbers to Puerto …more Princesa jumped from 12,000 in 1992 to 425,000 in 2010, and many more are expected as the area gains global fame -- National Geographic named Palawan as one of its top-20 destinations this year

Tourism in Palawan will soon receive a lift not only from the province's world-renowned Underground River but also from a new airport development that has moved closer to completion.

The government has inked a $71.6-million deal with South Korea to fund the project, the Department of Foreign Affairs said in a statement Wednesday.

The news comes amid rising tourist arrivals to Palawan owing primarily to the Underground River, which was recently named as one of the "New Seven Wonders of Nature" based on a global poll.

"Under the loan agreement, the Republic of Korea, through KEXIM (Export-Import Bank of Korea), will provide... $71.612 million to finance the improvement and rehabilitation of the gateway airport of the Province of Palawan," the DFA said.

The project, which will be implemented by the Transportation department, involves the construction of a new passenger terminal and a new access road.

It also includes the runway improvements and the provision of navigational aids to accommodate increased domestic and international flights.

"The project is also expected to revitalize the transport and trade linkages under the Brunei Darussalam, Indonesia, Malaysia and the Philippines – East ASEAN Growth Area and boost tourism and economic growth in Puerto Princesa City as a Special Zone of Peace and Development," the statement said.
http://ph.news.yahoo.com/ph-inks-mul...port-deal.html
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Old September 14th, 2012, 02:12 PM   #991
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DoTC gets P4.6B ($110M) to build, refurbish airports

Friday, September 14th, 2012

Quote:
The construction and refurbishment of key airports across the country has been provided P4.6 billion in fresh funds amid Malacañang’s efforts to advance the public-private partnership program.

Budget Secretary Florencio B. Abad on Thursday said in a statement the amount was released to the Department of Transportation and Communications (DoTC) for the implementation of four PPP projects.

Of the amount, P2 billion is earmarked for the detailed engineering of the runways and taxiways at the New Legazpi Airport in Daraga, Albay.

Also, P1.64 billion is meant for the resumption of the repairs and maintenance activities at the Ninoy Aquino International Airport’s Terminal 1.

This will cover the immediate repair of Naia 1’s mechanical, electrical, plumbing and fire protection systems, as well as the retrofitting of the overall structure.

Further, P800 million has been set aside for the Tacloban Airport’s terminal building and other ancillary facilities, to support growing passenger traffic.

Moreover, P160 million will be used for the Central Mindanao Airport in North Cotabato to help ease the transport of high-value crops in and out of the region.
http://business.inquirer.net/82012/d...rbish-airports

Last edited by the glimpser; September 14th, 2012 at 03:00 PM.
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Old September 19th, 2012, 03:05 PM   #992
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British aerospace firm invests P2B in PH

ABS-CBNnews.com
Posted at 09/17/2012 8:03 PM


Quote:
MANILA, Philippines - The Philippine unit of British firm B/E Aerospace is investing around P2 billion to manufacture aircraft galleys at the First Philippine Industrial Park in Batangas.

Philippine Economic Zone Authority (PEZA) director-general Lilia de Lima said the project will start in 2013, but the groundbreaking for the facility is scheduled for the first week of October.

De Lima said the project is significant since B/E Aerospace supplies the world's aircraft manufacturers.

B/E Aerospace is the world's leading provider of interior products and solutions and distributor of aerospace fasteners and consumables for commercial, business jet and military markets.

De Lima said the British company is making a P700 million investment in addition to the initial investment of over P1 billion.
http://www.abs-cbnnews.com/business/...invests-p2b-ph
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Old September 24th, 2012, 04:54 PM   #993
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PAL taps 7-Eleven for ticket payments

Quote:
Paying for a plane ticket to go to any of Philippine Airlines’ (PAL) 29 domestic routes just got a lot more “convenient.”

The San Miguel Corp.-led flag carrier announced that its customers would now be able to pay for their domestic flight tickets at the 766 7-Eleven convenience stores nationwide.

The latest passenger service innovation involves a few steps. First, a passenger books a flight through the PAL website. The flight must be at least 48 hours from the time of booking. Once booking is confirmed, passenger will select the “Reserve and Hold” option on the summary page. To complete the process, the passenger details are inputted and the confirmation e-mail must be printed.

Within 24 hours, the passenger should go to the nearest 7-Eleven retail outlet, present the booking confirmation to the 7-Eleven cashier and pay the corresponding amount. The itinerary receipt (e-ticket) and official receipt will be sent to the passenger’s e-mail address.

On top of the new 7-Eleven service, PAL said it would also put up payment kiosks at Petron gas stations in Metro Manila, a result of synergies between PAL and other companies in the San Miguel group.

In the coming months, PAL said it would further expand its ticket sales and payment centers to more than 3,000 outlets nationwide in coordination with trade partners like ECPay.
http://business.inquirer.net/83556/p...icket-payments
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Old September 24th, 2012, 04:55 PM   #994
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Air France-KLM to add flights to PH

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After halting the country’s last nonstop flight to Europe earlier this year, Air France-KLM has announced plans to expand its Philippine operations to take advantage of the country’s booming aviation sector, driven by a strong domestic economy.

Starting November, Air France-KLM will have one flight a day from Manila to Amsterdam, with a stopover in Taipei. This will be more than double the three weekly flights the company has out of the Ninoy Aquino International Airport.

Air France-KLM, which has headquarters in Paris and Amsterdam, is the last European airline with flights to the Philippines.
http://business.inquirer.net/83276/a...-flights-to-ph
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Old September 27th, 2012, 05:18 PM   #995
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Saudi Arabia, Philippines ink new air deal

September 27th, 2012

Quote:
The Philippine government has signed a new deal with the Kingdom of Saudi Arabia to increase flights as local airlines pursue aggressive expansion plans.

Following two days of negotiations this week, the local air panel signed the
Under the new deal, flights between Manila and Jeddah were more than doubled to 21 a week from the current 10.

The agreement also removed restrictions to the number of flights between Clark Freeport, Pampanga, to any point in Saudi Arabia. In return, the country agreed to remove limits on the number of flights between Damman and any point in the Philippines.

At the moment, no local airline has flights to the Middle East.

Earlier this month, the Philippines and the United Arab Emirates agreed to significantly increase flights between them as both countries look to boost their trade and tourism sectors.
http://business.inquirer.net/84126/s...k-new-air-deal
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Old September 29th, 2012, 01:32 AM   #996
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Quote:
Originally Posted by the glimpser View Post
Air France-KLM to add flights to PH



http://business.inquirer.net/83276/a...-flights-to-ph
This is erroneous. KL still flies daily to MNL. Shoddy Inquirer journalism.

What they meant was that MNL was to be upgraded to 4x weekly 77W service, rather than the 77Es currently being deployed on this route.
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Old September 29th, 2012, 06:52 AM   #997
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PAL to acquire 10 more Airbus jets


MANILA | Fri Sep 28, 2012 4:24am BST

Philippine Airlines has agreed to buy another $2.5 billion worth of jets from Airbus (EAD.PA), its president said on Friday, bringing close to $10 billion its total orders from the aircraft manufacturer.

Reuters ll PAL to acquire 10 more Airbus jets

Last edited by Maharlikans; September 29th, 2012 at 06:57 AM.
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Old September 30th, 2012, 06:37 AM   #998
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Quote:
Originally Posted by Sky Harbor

This is erroneous. KL still flies daily to MNL. Shoddy Inquirer journalism.

What they meant was that MNL was to be upgraded to 4x weekly 77W service, rather than the 77Es currently being deployed on this route.
I think a better headline would be "KLM to increase capacity on Manila-Amsterdam route". True?
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Old October 1st, 2012, 12:06 PM   #999
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Philippine Airlines revises Winter schedules, sends many domestic PAL flights from Manila to sister airline AirPhil Express. Details:

http://www.philippineairlines.com/Im...cm61-78865.pdf

Also, PAL to cut down MNL-ICN service from 3x daily to twice daily. Details:

http://airlineroute.net/2012/10/01/pr-icn-oct12/

And AirAsia Philippines to start CRK-SIN daily service. Details:

http://airlineroute.net/2012/10/01/pq-crksin-dec12/
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Old October 1st, 2012, 12:06 PM   #1000
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Originally Posted by fieldsofdreams View Post
I think a better headline would be "KLM to increase capacity on Manila-Amsterdam route". True?
Yes, that is true.
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