PAL, Emirates Air tie up

PAL, Emirates Air tie up

MANILA (Dow Jones): Philippine Airlines Inc. (PAL) said Wednesday it has signed a code-sharing agreement with Emirates Airline that will see PAL re-establish a presence in Dubai for the first time in 15 months.

Under the agreement, which will be effective Sept. 1, PAL will get a seating allocation for each of Emirates' three flights per week between Manila and Dubai.

The agreement with Emirates is PAL's first code-sharing agreement since the implementation of the debt-laden airlines' rehabilitation plan in June.

"The forging of such agreements, which will enable PAL to effectively expand its route network at minimal cost, is a key element of the rehabilitation process," the Philippine carrier said in a statement.

PAL was forced to suspend flights to Dubai in June 1998 due to the impact of Asia's financial crisis.