Authorizing Philippine Airlines to Sell and Export to Foreign Buyers Engines, etc. No Longer Needed for its Operations
Letter of Instructions No. 687, issued on April 18, 1978, grants Philippine Airlines the authority to sell and export surplus aircraft, engines, parts, and equipment without needing prior government approval. This decision aims to expedite the clearance process for exports, enhancing the airline's ability to generate foreign exchange for the country. The letter reflects the government's reacquisition of ownership, control, and management of Philippine Airlines, emphasizing the importance of timely transactions for the airline's operations. Overall, it seeks to facilitate international sales and bolster economic benefits.
Law Information
- Reference Number
- Letter of Instructions No. 687
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 18, 1978
LETTER OF INSTRUCTIONS NO. 687
| TO | : | The Secretary of Trade |
| The Secretary of National Defense | ||
| The Governor, Central Bank of the Philippines | ||
| The Chairman, Civil Aeronautics Board | ||
| The Commissioner, Bureau of Customs | ||
| The Administrator, Civil Aeronautics Administration |
Considering that delay in securing clearance for the exportation by Philippine Airlines of aircraft, engines, parts, and other equipment impairs the ability of the airline to dispose of its surplus aircraft, engines, parts, and other equipment to foreign buyers and to earn foreign exchange for the country, and considering further that the ownership, control, and management of Philippine Airlines have been reacquired by the government, Philippine Airlines is hereby allowed and authorized to sell and export to foreign buyers and aircraft, engines, parts, and other equipment that are no longer needed for its operations without need of securing prior approval or clearance from any agency of the Government.
DONE in the City of Manila, this 18th day of April, in the year of Our Lord, Nineteen Hundred and Seventy-Eight. cd
Cite This Law
Authorizing Philippine Airlines to Sell and Export to Foreign Buyers Engines, etc. No Longer Needed for its Operations, Letter of Instructions No. 687, Apr 18, 1978 (Philippines)
Authorizing Philippine Airlines to Sell and Export to Foreign Buyers Engines, etc. No Longer Needed for its Operations, Letter of Instructions No. 687 (Phil. 1978)
Related Laws
- Grant of New Franchise to Philippine Airlines, Inc. To Operate, etc. Air Transport ServicesPresidential Decree No. 1590 • Jun 11, 1978 • Presidential Issuances
- Authorizing the Civil Aeronautics Administration to Impose Retaliatory Fees, etc. on Foreign AirlinesPresidential Decree No. 895 • Feb 26, 1976 • Presidential Issuances
- Informal Entry Free of Duty and Release of Aircraft, etc. Imported by Philippine AirlinesLetter of Instructions No. 684 • Apr 4, 1978 • Presidential Issuances
- Philippine Export and Foreign Loan Guarantee CorporationPresidential Decree No. 1080 • Jan 31, 1977 • Presidential Issuances
- Amendments to Public Act No. 4271 Re: Grant of Franchise to Philippine Air Lines, Inc.Presidential Decree No. 1294 • Jan 27, 1978 • Presidential Issuances
- Instructions Governing Release of Imported Aircraft, Engines, etc. for Use by the Philippine Air ForceLetter of Instructions No. 943 • Oct 17, 1979 • Presidential Issuances
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