House OKs on 2nd reading PAL’s 50-year franchise extension

MANILA, Philippines – The House of Representatives on Monday approved on second reading a bill renewing the Philippine Airlines’ (PAL) legislative franchise for 50 years, ahead of its expiry in 2028.

In a voice vote, lawmakers approved on voice vote House Bill No. 10545, which seeks to extend PAL’s franchise to operate as the flag carrier and run air-transport services in the Philippines and abroad until 2076.

“A stable 50-year franchise will provide our national flag carrier with the certainty and confidence necessary to undertake long-term investments, modernize its fleet, expand its domestic and international routes and develop the infrastructure and capabilities necessary to meet the country’s growing aviation needs,” Negros Occidental Rep. Jeffrey Ferrer told the floor in his sponsorship speech.

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“In turn, this stability can help fuel tourism, facilitate trade and commerce and contribute to exclusive economic growth while reinforcing the Philippines’ position as a competitive player in the international aviation industry,” he added.

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READ: PAL’s new generation outlines plans

PAL, founded in 1941 and among Asia’s oldest commercial carriers, has grown into one of the country’s leading airlines with a fleet of serving long-haul and domestic routes. The airliner expects to receive five more planes, Airbus A350-1000s, this year as it seeks to bolster its offered international flight lines. /jpv