Pacific Global Airlines
Philippine Long Distance Telephone Co. and Metro Pacific Investments Corp., two local units of Hong Kong-based conglomerate First Pacific Co., have established a new aviation company called Pacific Global One Aviation Inc. with an authorised capital stock of PhP430 million.
The new company will be involved in commercial aviation and the operation of facilities and services of a commercial airline such as acquisition, purchase or lease of aircraft “of every kind and description,” the purchase, lease, or construction of “hangars, transportation depots, and lounge facilities,” and the buying and selling of “oils, gasoline, fuel, and aircraft accessories.”