Preamble
WHEREAS, the ownership, control, and management of Philippine Airlines, our national flag carrier, have been reacquired by the Government; WHEREAS, the franchise granted to Philippine Airlines, Inc. by virtue of Act No. 4271, as amended, will expire in November 1985; WHEREAS, there is a need to grant Philippine Airlines, Inc. a new franchise to establish, operate, and maintain air-transport services within the Philippines and between the Philippines and other countries; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution, do hereby decree and order the following: