PAL likely to register loss due to payment of charges - News Summed Up

PAL likely to register loss due to payment of charges


Philippine Airlines said it expects to register a loss this year mainly because of P6 billion worth of unpaid navigational fees and other charges to the government. President Rodrigo Durterte earlier threatened to close the Ninoy Aquino International Airport Terminal 2 if PAL did not settle its unpaid navigational fees to the government. PAL operates domestic and international flights at NAIA Terminal 2. PAL expects to start construction of the new terminal by December 2020 and operate it by July 2021. Aside from the passenger terminal, the complex will include a multi-level parking for 1,000 vehicles, a new cargo terminal and ground service facilities.


Source: The Standard October 29, 2017 12:11 UTC



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