C08206-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Nov 16, 2023
2. SEC Identification Number
PW-94
3. BIR Tax Identification No.
000-707-922
4. Exact name of issuer as specified in its charter
PAL Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
8th Floor, PNB Financial Center, President Diosdado Macapagal Ave., CCP Complex, Pasay City Postal Code 1307
8. Issuer's telephone number, including area code
(02) 8810-2451
9. Former name or former address, if changed since last report
Not Applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 11,610,978,242
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PAL Holdings, Inc.PAL

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of News Report
Source BusinessWorld
Subject of News Report "PAL expands flight, signs codeshare deal with Singapore Airlines"
Date of Publication Nov 16, 2023
Clarification of News Report

16 November 2023

DISCLOSURE DEPARTMENT
THE PHILIPPINE STOCK EXCHANGE, INC.
Philippine Stock Exchange Plaza,
PSE Tower, 5th Avenue corner 28th Street,
Bonifacio Global City, Taguig City


Attention: MS. ALEXANDRA D. TOM WONG
OIC-Head, Disclosure Department

Gentlemen:

This refers to your letter dated 16 November 2023, seeking clarification of the news article entitled “PAL expands flight, signs codeshare deal with Singapore Airlines” posted in BusinessWorld (Online edition) today, which reported in part that:

“FLAG CARRIER Philippine Airlines (PAL) has expanded its codeshare partnership with Singapore Airlines (SIA), increasing flight options between their respective countries and adding more international destinations.
‘The partnership is the product of a strengthened relationship with our fellow ASEAN mainline carrier, Singapore Airlines, and an enduring commitment to expanding our presence in Singapore,’ Stanley K. Ng, president and chief operating officer of PAL, said in a media release.

The codeshare agreement, PAL said, will start by the fourth quarter of this year after regulatory approvals.

. . . .

PAL said the European codeshare sectors will be launched across its sales channels, as well as SIA’s in the coming weeks.

. . . .”

We are pleased to confirm that the statements attributed to Capt. Stanley K. Ng, President of Philippine Airlines (PAL), is consistent with the plans of the Company to improve its business. The arrangement is in the nature of a sales agreement where Singapore Airlines (SIA) will sell on PAL’s domestic flights, while PAL can sell on SIA’s flights beyond Singapore. Such arrangement will help add more sales and revenues to the Company.”

We trust that we have clarified your query on the afore-quoted news article.


Very truly yours,

PAL HOLDINGS, INC.
By:


MA. CECILIA L. PESAYCO
Corporate Secretary
Other Relevant Information

Please see attached files.
Filed on behalf by:
Name Ma. Cecilia Pesayco
Designation Corporate Secretary