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Thursday, June 12, 2014

DID YOU KNOW THAT IN MARCOS ADMINISTRATION, THE PHILIPPINE AIRLINE IS A PROPERTY OF THE PHILIPPINES?

DID YOU KNOW THAT IN MARCOS ADMINISTRATION, THE PHILIPPINE AIRLINE IS A PROPERTY OF THE PHILIPPINES? (Government Property) - But it has been sold to Family Tan (Lucio Tan) when Corazon Aquino ended the one-airline policy in 1988 that had begun under Ferdinand Marcos.
When President Ferdinand Marcos declared martial law in 1972, he implemented a one-airline policy. PAL was the lone surviving airline, absorbing Air Manila and Filipinas Orient Airways. On March 10, 1973 PAL was re-designated as the national flag carrier. PAL continued its expansion with the arrival of its first Douglas DC-10 in July 1974/ Three years later, the Philippine government re-nationalized PAL, with the Government Service Insurance System holding a majority of PAL shares. In 1979, the Boeing 727, the Boeing 747-200B and the Airbus A300B4, dubbed the "Love Bus", joined the PAL fleet, while the PAL DC-8 fleet was retired.
In 1975 Philippine Airlines was headquartered at the PAL Building in Makati City.
Between 1979 and 1981, as part of a comprehensive modernization program led by then-PAL President Roman A. Cruz, PAL built a series of mammoth aviation-related facilities around the periphery of the MIA. These included the PAL Technical Center, the PAL Inflight Center, the PAL Data Center and the PAL Aviation School.
A Philippine Airlines Boeing 747-200 in old livery
On April 2, 1982, a PAL Boeing 747-200B arriving from San Francisco via Honolulu became the first aircraft to dock at the new 800-million peso Terminal 1 of Manila International Airport. PAL would later strengthen its cargo-handling capability by building a dedicated cargo terminal building adjacent to the MIA passenger terminal and installing cargo-refrigeration equipment in 1983. The new facilities, which catered mainly to international cargo services, enabled PAL to become a fully equipped cargo handler. Services to Paris and Zürich began in November 1982.
Aquino ended the one-airline policy in 1988 that had begun under Ferdinand Marcos.

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