Upon passing the third and final reading of House Bill (HB) 10442, the Senate has approved Air Philippines Corp. to continue operations for another 25 years.
Because of the ongoing Covid19 global pandemic airlines were unable to operate for a significant amount of time before travel restrictions eased up.
This placed the aviation sector as one of the most heavily devastated sectors in terms of financial losses.
Drawing on this, Senator Grace Poe, who heads the Senate committee on public services, spoke of doing their part in helping the country’s aviation sector get off the ground once more.
“Globally, the aviation sector is one of the hardest hit by the ongoing pandemic. We must do our part to help an industry that employs thousands of Filipinos,” she stated.
Because of a massive 70% decrease in passenger load in 2020, Air Philippines opted to let go of 32% of its total workforce in order to stay airborne.
With corporate rehabilitation ongoing in the United States, on the side of their sister company Philippine Airlines (PAL), HB 10442 would be able to cushion any negative impacts that result from the procedure.
Air Philippines Corp. is the 3rd biggest airline in the nation, but functions as PAL Express under PAL Holdings Inc.
Its 770 personnel play a vital role in the maintenance of over 1,000 other jobs and functions chiefly to service secondary gateways.
Photo: Wikimedia Commons