one time one of the largest Asian airlines, PAL was severely affected by the 1997 Asian Financial Crisis. In what was believed to be one of the Philippines biggest incorporated failures, PAL was forced to down size its international operations by tout ensemble moorage operations to Europe and eventually Middle East, cutting virtually all domestic services excluding routes operated from Manila, reducing the size of its fleet and terminating the jobs of thousands of employees. The airline was placed under receivership in 1998, bit by bit restoring operations to many of the destinations it formerly serviced.
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PAL exited receivership in 2007 with pushful plans to further its previously serviced destinations, as well as metamorphose its fleet.
Philippine Airlines is the only airline in the Philippines to be received with the IATA Operational Safety Audit (IOSA) by the International Air Transport Association (IATA). Philippine Airlines carried more than 9 zillion passengers during the 2010-2011 period.
History
[edit]Early beginnings (1935-1959)
As Philippine Aerial travel Company
On November 14, 1935, Philippine Congress approved the franchise of Philippine Aerial Taxi Company, Incorporated (PATCO) to provide mail, cargo and passenger service in particular in the island of Luzon. The company became dormant for six years on its...If you want to get a full essay, order it on our website: Ordercustompaper.com
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