C05071-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jul 31, 2024
2. SEC Identification Number
PW-94
3. BIR Tax Identification No.
000-707-922
4. Exact name of issuer as specified in its charter
PAL Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
8th Floor, PNB Financial Center, Pres. Diosdado Macapagal Avenue, CCP Complex, Pasay City Postal Code 1307
8. Issuer's telephone number, including area code
(02) 8810-2451
9. Former name or former address, if changed since last report
Not Applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 26,852,106,800
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PAL Holdings, Inc.PAL

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of News Report

Source InsiderPH (Online Edition)
Subject of News Report “Refleeting a ‘No-Brainer’: PAL eyes multi-billion dollar fleet expansion”
Date of Publication Jul 31, 2024
Clarification of News Report

July 31, 2024

DISCLOSURE DEPARTMENT
THE PHILIPPINE STOCK EXCHANGE, INC.
Philippine Stock Exchange Plaza,
PSE Tower, 5th Avenue corner 28th Street,
Bonifacio Global City, Taguig City

Attention: ATTY. STEFANIE ANN B. GO
Officer-in-Charge, Disclosure Department

Gentlemen:

This refers to your letter dated July 31, 2024, seeking clarification of the news article entitled “Refleeting a ‘No-Brainer’: PAL eyes multi-billion dollar fleet expansion” posted in InsiderPH (Online Edition). It was reported in part that:

“Taipan Lucio Tan’s Philippine Airlines (PAL) is considering a multi-billion dollar acquisition of new narrow and wide-body planes, which would more than double its fleet in the coming years.

PAL president and chief operating officer Capt. Stanley Ng said the flag carrier is mulling an order for 60-70 aircraft. Including existing orders, this could add up to almost 100 new planes.

. . . .”

The statement quoting the President and COO of PAL may have been misinterpreted considering that the acquisition of the planes has not been discussed by the Board. We cannot therefore confirm the above-quoted statement.

We trust that we have clarified your query on the said news article.





Very truly yours,

PAL HOLDINGS, INC.

By:

MA. CECILIA L. PESAYCO
Corporate Secretary

Other Relevant Information

None.

Filed on behalf by:
Name Ma. Cecilia Pesayco
Designation Corporate Secretary