Author Topic: Philippine Aerospace Development Corporation (PADC)  (Read 2861 times)

adroth

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« Last Edit: January 04, 2019, 12:51:27 PM by adroth »

adroth

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Re: Philippine Aerospace Development Corporation (PADC)
« Reply #1 on: December 28, 2017, 01:11:20 AM »
State-run aerospace firm to be abolished for not making a single plane for 45 years
By: Ben O. de Vera - Reporter / @bendeveraINQ Philippine Daily Inquirer / 04:13 PM December 27, 2017

The government will abolish a state-run firm that has not fulfilled its mandate of designing and producing airplanes in its almost 45 years of existence.

Finance Secretary Carlos G. Dominguez III, who is an ex-officio member of the Governance Commission for Government-Owned or -Controlled Corporations (GCG), told reporters recently that the GCG decided to abolish the Philippine Aerospace Development Corp. (PADC) during its Dec. 15 meeting.

“They are supposed to design a plane,” Dominguez said. “It’s been 45 years already and they have not designed a plane yet. That’s their charter.”

The Pasay City-based PADC was created in 1973. According to the website of the Civil Aeronautics Board, it is mandated to undertake “business and development activities for the establishment of a reliable aviation and aerospace industry within the Philippines,” as well as to engage in the “design, manufacture, and sale of all forms of aircraft” and to develop “local capabilities in the maintenance, repair, and modification of aviation equipment.”

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Read more: http://business.inquirer.net/243141/gcg-philippine-aerospace-development-corp-abolition#ixzz52TxCpcW4
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adroth

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Re: Philippine Aerospace Development Corporation (PADC)
« Reply #2 on: January 06, 2018, 12:36:44 PM »
PADC director calls for state-owned firm’s ‘revitalization’
BY MAYVELIN U. CARABALLO, TMT   ON   JANUARY 4, 2018

http://www.manilatimes.net/padc-director-calls-state-owned-firms-revitalization/372112/

State-owned Philippine Aerospace Development Corp. (PADC) should be revived instead of abolished, a company director said, given its contributions to the country’s development and security.

“Maybe revitalization is the better alternative rather than abolishing it. Maybe additional support from the national government and better management installed is needed,” PADC Board Director Rene Abad told The Manila Times.

Finance Secretary Carlos Dominguez 3rd last week said that PADC would be dissolved as it had not fulfilled its mandate, declaring in particular that the firm had not designed a single plane during its 45 years of existence.

Abad rejected the charge, claiming that PADC had to date assembled 44 units of the BO-105 helicopter, 67 BN Islander aircrafts, 18 SF 260 TP military trainers, 24 5211 military jet trainer/light attack aircraft, six Lancair ES two-seater light aircraft, two Lancair IV four-seaters and two Canguro Feederliner planes.

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