People
“Jimmy” returns to PAL
September 23rd 2014
The group of taipan Lucio Tan (LT Group) has officially taken back full control of Philippine flag carrier Philippine Airlines (PAL) after paying $1.3 billion to San Miguel Corp. Read More »
A source told the Manila Standard that incumbent PAL president Ramon Ang would relinquish his post after a 45-day transition period as stipulated in the sale agreement. Joseph Chua, current president and chief executive officer of MacroAsia Corp. and a son-in-law of Tan, will then assume the presidency, while former president Jaime “Jimmy” Bautista will fill the role of general manager.
Both men are no strangers to PAL. Chua served as director of PAL from August 2003 to April 2012, while Bautista served as president and chief operating officer until the San Miguel Corp. buyout in 2012.
