Philippine Airlines

About

Philippine Airlines is the flag carrier of the Philippines. The airline was founded in 1941 and is the oldest operating commercial airline in Asia. Philippine Airlines launched its first flight on March 15, 1941, using a Beechcraft Model 18 aircraft from Manila to Baguio. After a brief suspension during World War II, the airline resumed operations in 1946 and became the first Asian airline to cross the Pacific, with a flight from Manila to Oakland, California. PAL was designated as the country's flag carrier in the late 1940s and expanded rapidly in the decades that followed. In 1966, PAL was privatized when then-chairman Benigno Toda Jr. acquired a majority stake. However, in 1977, the airline was re-nationalized when the Government Service Insurance System obtained the majority of its shares. The airline underwent privatization again in 1992, when it was purchased by a group led by Antonio Cojuangco. Read more

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