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PAL Express began carrying the brand name Philippine Airlines through a cooperative agreement with PAL. This strategy is intended to harmonize the two carriers in order to make them more competitive, ensure leadership and superior core services, and enhance the efficiency and profitability of both carriers. [ 4 ]
Philippine Airlines is owned by PAL Holdings (PSE: PAL), a holding company responsible for the airline's operations. PAL Holdings is part of a group of companies owned by business tycoon Lucio Tan . ANA Holdings , the holding company of All Nippon Airways , has a less than one percent stake in PAL Holdings.
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Iloilo-Negros Air Express Aviation Corporation, which operated as INAEC Aviation Corporation or INAEC, is an airline company based in the Philippines.Founded in 1932 by the López family of Iloilo as Iloilo-Negros Air Express Company, Inc. (operated as Iloilo-Negros Air Express or simply INAEC), it was the first commercial airline in the Philippines.
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