PAL SEEKS MORE PILOTS, CABIN CREW FOR EXPANSION


MANILA, OCTOBER 8, 2012 (ABS-CBN) Flag-carrier Philippine Airlines (PAL) is now opening recruitment for additional pilots and cabin crew for its fleet expansion.

The airline said applicants for the position of captain and second officers in the Visayas area may drop off their resumes, together with copies of their licenses, medical records and official flying hours, to the PAL Job Fair at Radisson Blu Hotel in Cebu City on October 12 to 14 from 8 a.m. to 5 p.m.

A cabin crew recruitment is also ongoing for applicants from Central, Eastern and Western Visayas. Registration, accommodation and screening of cabin crew applicants starts at 8 a.m. and closes at 10 a.m. Processing of applications is until 5 p.m.

Interested parties should bring their updated resumes with a close-up shot and full-body photo and should come in business attire -- long-sleeved polo with necktie, black slacks and leather shoes for the men; and corporate blazer, inner blouse and knee-length skirt for the women.

Female applicants must have their hair tied in a bun, put on full make up and wear stockings with high-heeled closed shoes. Male applicants must have a neat haircut that's well-trimmed.

PAL also reminds applicants that they should be Filipino citizens, not more than 27 years old, college graduate and can speak both English and Filipino.

Female applicants must be single, at least 5-foot-3, while male applicants should be preferably single, and at least 5-foot-6. Weight must be proportionate to height. Clear complexion, good set of teeth, perfect vision (20/20) or with contact lenses but not beyond (20/30) are also part of the criteria.

PAL is also looking for in-flight Chinese interpreters. Applicants for this position must be have the basic criteria as cabin crew aspirants, but in addition, must be fluent in Mandarin and Fookien.

PAL to buy extra Airbus jets worth $2.5 billion Reuters Posted at 09/28/2012 11:26 AM | Updated as of 09/28/2012 11:38 PM

MANILA (UPDATE) - Philippine Airlines has agreed to buy another $2.5 billion worth of Airbus jets from European Aeronautic Defence and Space Company NV, its president said on Friday, part of the fast-growing carrier's attempt to reclaim dominance of its local market.

The new deal involves the purchase of 10 wide-bodied jets with a list price of $250 million each, Ramon Ang told reporters, on top of the airline's $7 billion Airbus deal with announced in August.


[PHOTO - Ramon S. Ang on Friday took full control of conglomerate San Miguel Corp. (SMC) after its chair, Eduardo Cojuangco Jr., sold a huge chunk of his stake in the diversified firm to his hard-charging protégé. The deal—valued at P27.61 billion for an 11-percent stake in the country’s largest conglomerate—cements Ang’s hold on the company that he has been running as president and chief operating officer since 2007.]

"We are starting to replace our jets with wide-bodied planes because that is what the market wants," Ang told reporters on the sidelines of parent company PAL Holdings Inc's stockholders' meeting.

PAL still wants to buy 35 more planes, either from Airbus or Boeing Co, Ang said, in line with its plan to add 100 new jets to its fleet in the next five to seven years as it reshapes its business to take on main rival Cebu Air Inc.

"Our refleeting programme right now is close to $10 billion," Ang said. "We exercised our option to buy 10-wide bodied jets (from Airbus) two weeks ago", he said, referring to the new purchases.


[PHOTO -Philippine Airlines President Ramon Ang (R) and Lucio Tan (L)]

San Miguel Corp, which bought a 49 percent stake in PAL and a sister airline in April from Filipino billionaire and brewing rival Lucio Tan in a deal worth about $500 million, controls the management of the airline.

Ang also said San Miguel was considering teaming up with Tan to build a major new airport in the country, a project he said on Friday may cost $5-6 billion.

DELISTING

[PHOTO - DANDING COJUANGCO OF SMC AND TAN]

Ang also said on Friday that San Miguel, the Philippines' most diversified conglomerate, may have to delist three of its units, including flagship San Miguel Brewery Inc, from the local bourse if it failed to meet a minimum float requirement.

PAL Holdings is also likely to be delisted by the end of this year because it will not be able to comply with the free float rule, he said.

The Philippine Stock Exchange has set a Dec. 31 deadline for companies to raise their free float to at least 10 percent in order to avoid penalties such as trading suspension.

"We are trying our best (to see) if we can comply with the minimum requirement, but if not we will go for voluntary delisting," Ang told reporters. "We are having a difficult time."

San Miguel Brewery, San Miguel Properties Inc, San Miguel Pure Foods Co Inc are among more than two dozen firms that do not have enough shares floated.

"We would rather that no firm go and delist as their main option," Philippine Stock Exchange President Hans Sicat told Reuters.

For the three San Miguel firms to meet the 10 percent threshold would require issuance of $1.73 billion in new shares, according to Reuters' calculations.

Some firms which have free floats of less than 10 percent are preparing to sell shares in the next few weeks, while others are looking at an option to voluntarily delist.

If companies have not met the requirement by the end of this year, trading in their shares will be halted at the start of 2013, and forced delisting will follow if they fail to enlarge their free floats within the subsequent six months.

Shares in San Miguel Corp erased early losses to end the morning session flat. The broader Manila market was up 0.4 percent.

San Miguel shares have fallen more than 5 percent this year, underperforming the market which gained nearly 22 percent.


Chief News Editor: Sol Jose Vanzi

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