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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 333 - REVOKING
LETTERS OF INSTRUCTIONS NOS. 151 AND 151-A
WHEREAS,
Letter of Instructions Nos. 151 and 151-A dated December 7 and 12,
1979, respectively, directed the Chairman and the President of the
Philippine National Bank, the Chairman of the Civil Aeronautics Board
and the Administrator of the Civil Aeronautics Administration (now Air
Transportation Office) to undertake certain measures under the
guidelines set forth therein for the implementation of the decision of
the Administration then in place of having one Philippine air carrier
in both international and domestic operations;
WHEREAS, in Opinion No. 59 dated April 4, 1988, the Secretary of
Justice held the LOIs 151 and 151-A are mere presidential directives to
the aforesaid government officials directing or authorizing the doing
of the things specified therein or laying down guidelines for the
effective implementation of the laws and, therefore, cannot and did not
amend or repeal paragraph (e) of Sec. 4 (“Declaration of Policies”)
of Republic Act No. 776, directing the Civil Aeronautics Board, in the
exercise and performance of its powers and duties thereunder, to
consider, “as being in the public interest and in accordance with
public convenience and necessity”, among other things, “competition
between air carriers to the extent necessary to assure the sound
development of an air transportation system properly adopted to the
need of foreign and domestic commerce of the Philippines, of the Postal
Service, and of the National Defense”; and
WHEREAS, the present Administration adheres to the policy of allowing a
healthy and regulated competition among airlines in the country in
order to achieve the objectives of Sec. 4(e) of RA 776 in respect to
the development of international and domestic scheduled air
transportation systems; hence, the necessity of revoking LOIs Nos. 151
and 151-A.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by
virtue of the powers vested in me by law, do hereby revoke and
terminate the effectivity of Letters of Instructions Nos. 151 and 151-A
dated December 7 and 12, 1973, respectively, without however affecting
the continued validity and efficacy of the actions or steps taken by
the Philippine National Bank, such as foreclosure of mortgages, etc.,
in taking over the assets and properties of the Filipinas Orient
Airways and Air Manila, Incorporated on account of their unpaid loans/
debts, and of the transfer of their operational control to the
Philippine Air Lines, Inc.
This Executive Order shall take effect immediately.
DONE in the City of Manila,
this 16th day of August, in the year of Our Lord, nineteen hundred and
eighty-eight.
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