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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.
Republic Acts :
REPUBLIC ACTS
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REPUBLIC ACT NO. 7304 - AN ACT
GRANTING THE ASTRO AIR INTERNATIONAL, INC., A FRANCHISE TO ESTABLISH,
OPERATE AND MAINTAIN DOMESTIC AND INTERNATIONAL AIR TRANSPORTATION
SERVICES AND OTHER ALLIED SERVICES FOR THE CARRIAGE AND TRANSFER OF
PASSENGERS, MAIL, GOODS AND OTHER PROPERTY BY AIR AND FOR OTHER PURPOSES Section 1. Nature and Scope of Franchise. — Subject to the
provisions of the Constitution and applicable laws, rules and
regulations, there is hereby granted to the Astro Air International,
Inc., hereunder referred to as the grantee, its successors or assigns a
franchise to establish, operate and maintain domestic and international
air transportation services, and other allied services for the carriage
and transfer of passengers, mail, goods and other property by air. Sec. 2. Prior Approval of the Civil Aeronautics
Board. — The grantee shall secure from the Civil Aeronautics Board the
appropriate permits and licenses for its operations. Sec. 3. Responsibility to the Public. — Excepting cases of force majeure and whenever weather conditions permit, the grantee shall maintain scheduled and/or nonscheduled and/or charter air transport services between Manila and any and all points and places throughout the Philippines and between Manila and other countries at such frequencies as traffic needs may require: provided, however, that at least twenty-five percent (25%) of all its frequencies shall be for the domestic market. Sec. 4. Rates for Services. — The grantee shall fix and charge reasonable rates for the transportation of passengers, mail, goods and freight, subject to the regulations and approval of the Civil Aeronautics Board and other proper regulatory agencies of the Government. Sec. 5. Term of Franchise. — This franchise shall be for a term of forty (40) years from the date of the effectivity of this Act, unless sooner revoked or cancelled. In the event that the grantee fails to operate within two (2) years from the effectivity of this Act, this franchise shall be deemed ipso facto revoked. Sec. 6. Landing Facilities. — The grantee may use the landing and other airport facilities on land and water as may be maintained or owned by the Government within the Philippines on the grantee's lines subject to such terms and conditions, restrictions and national policy considerations as the Philippine Government may impose: provided, that the Philippine Government shall have the right to use such landing and other airport facilities as may be maintained or owned by the grantee in the Philippines. Sec. 7. Contracts. — The grantee is hereby authorized to enter into transportation contracts with the Philippine Government, including the carrying of mail, upon terms and conditions to be mutually agreed upon. The grantee shall give preferential consideration to contracts with the Philippine Government. The grantee may likewise enter into transportation maintenance and/or service contracts, and such other contracts relating to air transport with other foreign-owned airlines, particularly with those which have international routes. Sec. 8. Right of Government. — In case of war, insurrection, domestic trouble, public calamity or national emergency, the Philippine Government, upon order of the President, shall have the right to take over and operate the equipment of the grantee, paying for its use or damages. Sec. 9. Public Equity Participation. — In
compliance with the constitutional mandate to democratize ownership of
public utilities, the herein grantee shall make a public offering
through the stock exchanges of at least thirty percent (30%) of its
common. stocks within a period of ten (10%) years from the date of
effectivity of this Act: provided, that no single person or entity
shall be allowed to own more than five percent (5%) of the stock
offerings. Approved: March 26, 1992 |
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