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PAL Holdings, Inc.
| PAL Holdings, Inc. (PAL) was originally incorporated on May 10, 1930 as Baguio Gold Mining Company. On September 23, 1996, the Securities and Exchange Commission (SEC) approved the change in the Company's name to Baguio Gold Holdings Corporation and the change in its primary purpose to that of a holding company. On January 19, 2007, the SEC approved another change in corporate name to the present one. The Company and its subsidiaries are primarily engaged in air transport of passengers and cargo within the Philippines and between the Philippines and several international destinations. The Group operates through its major subsidiaries: Philippine Airlines Inc., the Philippine national flag carrier, and Air Philippines Corporation, a subsidiary under common control that was indirectly acquired through Zuma Holdings Management Corporation in 2017. In February 2019, ANA Holdings, Inc., the parent company of All Nippon Airways, acquired a 9.5% equity ownership in PAL. As of December 31, 2023, the Parent Company is 76.92% owned by Trustmark Holdings Corporation (Trustmark), which is 60% owned by Buona Sorte Holdings, Inc. (BSHI) and 40% owned by Horizon Global Investments, Ltd. (HGIL). BSHI is the ultimate parent of the Group. BSHI and Trustmark were both incorporated in the Philippines and are part of the Lucio Tan Group of Companies, while HGIL was incorporated in the British Virgin Islands. Source: SEC Form 17-A (2023) |
| Sector | Services |
|---|---|
| Subsector | Transportation Services |
| Corporate Life | 50 |
| Incorporation Date | May 10, 1930 |
| Number of Directors | 9 |
| Stockholders' Meeting as per By-Laws | May - last Thursday |
| Fiscal Year | 12/31 (Month/Day) |
| External Auditor | SyCip, Gorres, Velayo & Company |
| Transfer Agent | PNB Trust Banking Group |
| Business Address | Philippine Airlines, PAL Gate 5, Andrews Avenue, Pasay City |
|---|---|
| E-mail Address | [email protected] |
| Telephone Number | (02) 8816-3451 |
| Fax Number | (02) 8869-8336 |
| Website | http://www.philippineairlines.com |
