Based in Pasay City Manilla, PAL Express (formerly Airphil Express) operates a fleet that includes Airbus and Bombardier aircraft, flying to an extensive network of domestic destinations. PAL Express is part of the Lucio Tan Group and a sister airline of Philippine Airlines.
PAL Holdings announced its board approved the acquisition of the shares of Zuma Holdings Management Corporation from existing shareholders through a share swap transaction. The board approved a share swap ratio of 19 PAL Holdings shares to one Zuma Holdings share. Zuma Holdings holds a 99.97% stake in PAL Express, and following the transaction PAL Holdings will indirectly own PAL Express as a subsidiary. PAL Holdings is proceeding with its acquisition programme after securing Philippine Competition Commission approval in Feb-2017.
To have full CAPA Profile access you need a CAPA Membership
Your portal for aviation data
CAPA Profiles contain the most up to date news and analysis plus a comprehensive range of timely and reliable data including schedules, capacity share (passenger and cargo), fleet summary, traffic results (monthly and annual), financial results and more. Access Profiles for the latest statistics and insights on airlines, airports, suppliers, countries and regions.
I didn't realise all this traffic data was here. The data is much more up-to-date than the other results we usually use - I'll be using this from now on.- Air Services Development Manager, Airport Member.
Phone: +61 2 9241 3200 | Email: email@example.com