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STRANDED FILIPINO COUPLE READ THE LATEST NEWS ON PHILIPPINE AIRLINE CLOSURE, 1998-09-24 (photo)

IMAGE number
REU8291764
Image title
STRANDED FILIPINO COUPLE READ THE LATEST NEWS ON PHILIPPINE AIRLINE CLOSURE, 1998-09-24 (photo)
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Medium
photograph
Date
1998 AD (C20th AD)
Shooting Date
1998-09-24
Image description

A stranded Filipino couple who were supposed to take a Philippine Airlines Inc. (PAL) flight, read the latest news on the shutdown of PAL at the Manila domestic airport September 24. PAL shut down their operations midnight Wednesday, although Philippine President Joseph Estrada has warned the closure of the national flag carrier - the biggest Philippine firm to fold in the wake of a tenacious Asian finacial crisis - could damage the country's already battered economy. The fate of the 57-year old carrier, Asia's oldest national airline, was sealed after employees on Tuesday rejected PAL's proposal that they agree to suspend labour bargaining for a decade in exchange for 20 percent equity. Ticket holders of PAL were referred to other carriers. RR/WS

Photo credit
REUTERS / Bridgeman Images
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