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
© Copyright, 2012 by PHILIPPINE HEADLINE NEWS ONLINE
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