Philippine Airlines

Known as "Asia's First Airline", PAL is the country's national flag carrier. For over 60 years, PAL has served as an integral part of Philippine life, history and development.

Founded on February 26, 1941, PAL has survived a turbulent history marked by cycles of prosperity and recession. After a brief closure in 1998, PAL resumed operations in October 1999. Today, it has total of 32 aircraft that serve 44 online destinations - 19 domestic and 25 international points in 12 countries. It now boasts of one of the youngest, most modern and best- maintained fleets in the region.

Air Philippines

Air Philippines is one of the fastest growing carriers in the country. Since its historic inaugural flight on February 1, 1996 - -when it launched its first revenue flights to Subic Bay Freeport, Iloilo and Zamboanga City ñ Air Philippines has been en route to becoming a major player in the Philippine aviation industry. Aside from serving domestic points, Air Philippines also provides charter services to a number of international destinations.

MacroAsia Corporation

Complementing the two airlines is MacroAsia Corporation. A publicly- listed company, MacroAsia provides catering, ground handling and engineering and maintenance services to its sister companies and more than 20 international airlines landing in the Philippines. MacroAsia is widely known in commercial aviation circles for its commitment to quality, efficiency and customer care. Established on November 6, 1995, the company has become the seedbed of talent, with its pool of talented Filipino engineers, chefs and ground staff.

Affiliated: Lufthansa-Technik Philippines

Allied Banking Corporation

Now celebrating its 28th year, Allied Banking Corporation is one of countryís top 10 universal banks. With only 24 branches and a strategic overseas network in the Asia Pacific, Europe, the Middle East and North America. Anniversary date: June 1, 1977.

Subsidiaries: Allied Savings Bank, Allied Forex Corp.

Affiliates: Allied Leasing & Finance Corp., Allied Bankers Insurance

Philippine National Bank

Formed in 1916, PNB is the fourth largest private local universal bank in the Philippines. Its main thrust is the promotion and development of small and medium agri-based enterprises. It also lends support to telecoms, steel, energy and other heavy industries, including domestic and international trade activities. While the bank is now facing serious challenges, its private owners led by Dr. Lucio Tan are determined to revive PNB and make it globally competitive.