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Philippine Government looking into other options for Philippine Airlines

5-Aug-2010 11:02 AM

Philippine Government stated it has discussed taking over Philippine Airlines, but another option is now being considered (Xinhua, 04-Aug-2010). Presidential Spokesperson, Edwin Lacierda, stated government officials have been “getting more and more information on the conditions from both sides” in their negotiations. The government met again with PAL and union representatives on 04-Aug-2010.

  • Department of Transportation and Communication Secretary, Jose de Jesus, stated some of the 25 resigned pilots are willing to return to PAL once their differences with management have been resolved (The Gulf Today, 05-Aug-2010). Mr de Jesus also commented that the pilots stated they would be able to convince their colleagues to also return;
  • PAL reiterated that it may have to revise some of its financial targets for the year, due to the cancellation of several flights as a result of the pilot issue (AFP, 04-Aug-2010). The carrier had expected to return to profitability for the 12 months ended 31-Mar-2011, after posting a net loss of USD14.3 million for the previous corresponding period.

Philippine Government: “We are still hoping that it can be resolved this week, but we are going to do it day by day. I cannot guarantee you if we can do it this week. But we will exert all efforts to resolve this situation as soon as possible,” Edwin Lacierda, Presidential Spokesperson. Source: Xinhua, 04-Aug-2010.