28 October 2019
Lucio "Bong" Tan Jr. has replaced Gilbert Sta Maria as Philippine Airlines Holdings (PAL Holdings) President almost three months after his appointment to the post. PAL Holdings control both Philippine Airlines (PAL) and Air Philippines Corporation (GAP).
The reason for his replacement was not disclosed. Sta Maria merely cited “personal reasons” for his departure from the holdings company. Inside information however disclosed his non-conformity with the present set up between PAL and its low cost subsidiary GAP.
PAL clarified that Sta Maria remains the President and Chief Executive Officer of PAL Incorporated, the operations arm of the flagship carrier.
PAL President Gilbert Santa Maria intends to implement his turnaround plan for the airline beginning this coming year 2020," PAL said in a statement addressed to the Philippine Stock Exchange (PSE).
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