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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 687 |
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 Airline, 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.
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Since 19.07.98.
