Philippine Airlines new executive and ownership team
Philippine Airlines new executive and ownership team is preparing a new business plan which should see the flag carrier slow down International expansion and become a more rational competitor. The Lucio Tan Group and former president Jaime Bautista are back in charge, ending a two and a half year stint with San Miguel and its president, Ramon Ang, in control. PAL’s biggest short term challenge is excess Aircraft, the result of an overambitious order placed with Airbus in 2012 after San Miguel took control. PAL has several surplus newly delivered A330s which are now being under utilised and could soon face a su
rplus of narrowbody Aircraft as it is committed to taking 10 additional A321s in 2015. If PAL does not succeed at finding new homes for excess A330s and is not able to defer or sublease future A320s it could be forced to pursue aggressive capacity expansion in both the domestic and international markets. Such expansion would make it difficult for PAL to be profitable and would also impact its competitors, particularly Cebu Pacific Air. This is the first in a series of reports on the outlook for Philippine Airlines (PAL) and the Philippine market. This report looks specifically at the challenges PAL faces with its fleet as the group’s new management and ownership group prepare a new business plan.
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Mohini Porwal [ B Sc]
Trainee News Editor
Philipines Aviation News Editor www.
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