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More articles about: Lucio Tan

He’s 30 years old.
Lucio Tan III, the 30-year-old grandson and namesake of the Filipino-Chinese tycoon who owns and controls Philippine Airlines (PAL), Fortune Tobacco, Asia Brewery, and many others, has been named vice chairman and COO of the LT Group. The announcement was made following ...
Happy 81st birthday PAL.
Philippine Airlines first took to the skies on March 15, 1941, making it the oldest airline in Asia that is still known by its original name. On its 81st year, the nation’s flag carrier is embarking on an ambitious transformation that it ...
A new era for PAL.
After days of speculation, Philippine Airlines has officially named a new president to replace outgoing chief Gilbert Santa Maria. In an announcement on Monday (January 31), the nation’s flag carrier said it has appointed Stanley K. Ng, SVP for Airline Operations, as ...
Third time’s the charm.
A proposal by the consortium led by Lucio Tan and the Yuchengco family to develop Sangley Airport has been accepted by the provincial government of Cavite. SPIA Development Consortium was awarded original proponent status (OPS) for its $10.9-billion (P556.28 billion) unsolicited proposal ...
Take three.
After two failed attempts to develop Sangley Point International Airport (SPIA), a new consortium led by taipan Lucio Tan and the Yuchengco family have submitted a new unsolicited proposal to the provincial government of Cavite. The proposed partnership worth $10.9 billion (P548.74 billion) ...
The grandson also rises.
When Philippine Airlines announced its Chapter 11 bankruptcy filing and financial restructuring plan, it did so through a video that laid out all its cards on the table. One by one, the flag carrier’s top officials appeared on camera and explained the company’s ...
But PAL will continue to operate.
Philippine Airlines has officially filed for Chapter 11 bankruptcy in the U.S. and has simultaneously executed a supporting filing under the Financial Rehabilitation and Insolvency Act in the Philippines. The twin filings are meant to ensure that the flag carrier will continue ...
PAL is still in the red.
The troubles aren’t over for the country’s legacy carrier Philippine Airlines. Earlier this week, the company reported that it had returned two aircrafts to their lessor last July. In addition, its new aircraft delivery schedule that had originally been scheduled for 2020 ...
Lucio Tan III is the son of Bong Tan.
A grandson of taipan Lucio Tan has just been appointed to a key position in the company that runs Philippine Airlines. Lucio Tan III, son of the late Lucio “Bong” Tan Jr. was named vice president of listed PAL Holdings Inc, according to ...
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