NEWS
March 23, 1998 | From Times Wire Reports
A Philippine Airlines passenger plane went off the runway after landing in Bacolod, about 300 miles southeast of Manila, smashing into a row of houses and a disco club. Officials said three people were killed and 100 injured. An airport tower supervisor said the Airbus 320 plowed through a low concrete perimeter barrier, crossed a creek and hit the houses and disco club before stopping.
BUSINESS
October 21, 1998
Philippine Airlines Inc. plans to resume its international flights at the end of the month after consultations with potential investors. The airline would initially fly the Manila-San Francisco-Los Angeles-Manila route three times a week, beginning Oct. 29. The financially ailing airline revived domestic flights on Oct. 7 after Philippine President Joseph Estrada persuaded PAL's biggest union to accept a management offer of 20% equity in exchange for a freeze on strikes.
BUSINESS
October 5, 1998 | Associated Press
Philippine Airlines said it was reopening after forging a no-strike deal with its largest union, though militant workers vowed to continue opposing the deal. In several paid newspaper advertisements, the airline said it would offer 14 round-trip domestic flights from Manila starting Wednesday and apologized to the public for problems caused by its shutdown last month. The debt-ridden airline, Asia's oldest, closed on Sept.
BUSINESS
September 24, 1998 | From Times Staff and Wire Reports
Philippine Airlines, the oldest air carrier in Asia, closed its doors Wednesday after last-minute negotiations failed to persuade its largest union to accept a recovery plan. The closure immediately stripped Los Angeles International Airport of its only nonstop service to Manila, the Philippine capital. The last of the 57-year-old carrier's once-a-day flights from LAX was scheduled to depart Los Angeles at 11 p.m. Wednesday, airport spokesman Nancy Castles said.
BUSINESS
September 19, 1998 | From Times Staff and Wire Reports
Philippine Airlines, reeling from labor chaos and the economic crisis that's engulfed other Asian carriers, is threatening to permanently shut down next week unless it reaches a pact with its unions. The Philippine government is trying to broker a settlement, and President Joseph Estrada told reporters in Manila on Friday that he "remained hopeful" that an agreement could be reached between the unions and Lucio Tan, the airline's majority owner.
BUSINESS
September 21, 1998 | From Reuters
Philippine President Joseph Estrada during the weekend appealed to the labor unions of Philippine Airlines Inc., Asia's oldest national carrier, to reconsider their position in hopes of averting its closure. Citing enormous losses and protracted labor conflicts, the 57-year-old airline announced Thursday it will suspend operations at midnight Wednesday. PAL would be one of the biggest companies fold because of Asia's ongoing financial turbulence.
BUSINESS
September 28, 1998 | Associated Press
Cathay Pacific Airways Ltd. will begin flying domestic routes in the Philippines today to fill a vacuum left by the closure of flag carrier Philippine Airlines. Cathay Chief Executive David Turnbull also said the Hong Kong-based company might be interested in buying a stake in PAL if it is put up for sale. In talks Sunday at the home of Philippine President Joseph Estrada, Turnbull agreed that two Cathay planes and crews will be leased to PNB Holdings, a unit of Philippine National Bank.