Who owns PAL Express?
PAL Express is owned by PAL Holdings (the Philippines, PSE: PAL).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: PAL Holdings, Inc. SEC Form 17-A for the year ended 31 December 2025. Last checked .
Key facts
- Current owner
- PAL Holdings, Inc. reported
- Owner HQ
- 🇵🇭 Philippines
- Origin
- 🇵🇭 Philippines
- Category
- Travel & transport › Airlines
- Parent ticker
- PSE: PAL
- Last verified
- · 1 sources
About PAL Express
PAL Express is the trade name of Air Philippines Corporation, which PAL Holdings' 2025 annual report describes as a 99.97 per cent owned subsidiary engaged in air transportation of passengers and cargo, doing business under the name and style of Philippine Airlines or PAL Express. The group acquired it indirectly through Zuma Holdings and Management Corporation in 2017, and its aircraft are partly leased or subleased from Philippine Airlines. It flies domestic services for the flag carrier.
Ownership timeline of PAL Express
- Current owner PAL Holdings [1] reported
Where PAL Express sits in PAL Holdings
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full PAL Holdings ownership tree →
See the full PAL Holdings brand portfolio (2) →
Other brands owned by PAL Holdings
PAL Holdings controls 2 brands on Brandtree, 2 of them in travel & transport.
Also in travel & transport
Other brands in airlines, and who owns them
The 509 brands in airlines on Brandtree belong to 341 owners. The largest is Lufthansa Group, with 10; PAL Holdings has 2.
| Brand | Owner | Owner based in |
|---|---|---|
| Air Dolomiti | Lufthansa Group | 🇩🇪 Germany |
| China Southern Airlines | China Southern Airlines | 🇨🇳 China |
| Air China | Air China | 🇨🇳 China |
| Aer Lingus | IAG | 🇬🇧 United Kingdom |
| LATAM Airlines Brasil | LATAM | 🇨🇱 Chile |
| Air France | Air France-KLM | 🇫🇷 France |
| AirAsia | AirAsia X | 🇲🇾 Malaysia |
| Calm Air | Exchange Income | 🇨🇦 Canada |
About the owner: PAL Holdings
PAL Holdings is a publicly listed company headquartered in Philippines. Brandtree records 2 brands under its control, and it is listed as PSE: PAL.
PAL Holdings is the Philippine holding company of the Lucio Tan Group's flag-carrier airline group. Its SEC Form 17-A for 2025 says it was incorporated on 10 May 1930 as Baguio Gold Mining Company and took its present name in 2007. It is listed on the Philippine Stock Exchange and is 37.99 per cent owned by Buona Sorte Holdings, 33.26 per cent by Trustmark Holdings and 28.75 per cent by other shareholders. Its two operating subsidiaries are Philippine Airlines, Inc. and Air Philippines Corporation, which trades as PAL Express.
PAL Holdings: full profile, brands and acquisition history →
🇵🇭 PAL Express and other Filipino brands
Brandtree records a controlling owner for 68 brands that began in the Philippines. 1 of them (1%) are now controlled by a company headquartered in another country; PAL Express is not one of them.
- 2GO Express — 2GO 🇵🇭
- AirAsia Philippines — AirAsia X 🇲🇾
- Asian Terminals — Asian Terminals 🇵🇭
- Cebgo — Cebu Air 🇵🇭
- Harbor Star — Harbor Star 🇵🇭
- ICTSI — ICTSI 🇵🇭
Frequently asked questions
Who is the parent company of PAL Express?
The parent company of PAL Express is PAL Holdings, a publicly listed company headquartered in the Philippines.
Is PAL Express Filipino?
Yes. PAL Express originated in the Philippines and its owner, PAL Holdings, is also headquartered in the Philippines.
Is PAL Express still owned by PAL Holdings?
Yes. As of 4 October 2026, PAL Express is still owned by PAL Holdings. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] PAL Holdings, Inc. SEC Form 17-A for the year ended 31 December 2025 — PAL Holdings, Inc., Annual report; retrieved 4 October 2026.
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