BusinessWorld
May 28, 2021 | 12:06 am
PAL Holdings, Inc. said Thursday that its board of directors has approved the appointment of Lucio C. Tan III, grandson of Chairman Lucio C. Tan, as vice-president of the company.
âPlease be advised that at the meeting of the board of directors held on May 26, 2021, the board approved the appointment of Mr. Lucio C. Tan III as vice-president of PAL Holdings, Inc.,â the listed operator of the Philippine Airlines said in a disclosure to the stock exchange.
The appointment of the chairmanâs grandson and son of the late Lucio âBongâ K. Tan, Jr. comes amid reports of bankruptcy protection plans.