PAL Holdings, Inc. (the Company or PHI) was incorporated in the Philippines on May 10, 1930. The Company’s purpose is to engage in the business of a holding company. On October 5, 1979, the Company applied and was granted an extension of its corporate life by the Philippine Securities and Exchange Commission (SEC) for another 50 years from May 1980.
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.
The Company is a subsidiary of Trustmark Holdings Corporation (Trustmark), a domestic corporation and is part of the Lucio Tan Group of Companies.