AVIATION & AIRPORTS SECTOR UPDATE #5
PAL SETTLES 6-B DEBT
Flag carrier Philippine Airlines (PAL) was finally made to settle its PhP6-B unpaid air navigational charges to the national government, which were incurred since 1970’s up to 30 July 2017.
Atty. Clara De Castro, PAL Vice President for Legal Affairs, brought the company checks to the office of the Civil Aviation Authority of the Philippines (CAAP) in Pasay to settle its financial obligations to the government.
The check amounting to PhP5,677,887,615 was turned over to CAAP Chief Accountant Raul Eusebio. On the other hand, the check worth PhP258,594,230.33, net of taxes, was turned over to Manila International Airport Authority (MIAA) Assistant General Manager for Finance and Administration Arlene Britanico.
PAL SETTLES 6-B DEBT
Flag carrier Philippine Airlines (PAL) was finally made to settle its PhP6-B unpaid air navigational charges to the national government, which were incurred since 1970’s up to 30 July 2017.
The check amounting to PhP5,677,887,615 was turned over to CAAP Chief Accountant Raul Eusebio. On the other hand, the check worth PhP258,594,230.33, net of taxes, was turned over to Manila International Airport Authority (MIAA) Assistant General Manager for Finance and Administration Arlene Britanico.
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