The Philippine government is ready to assist the airline sector as long as it won’t end up owning troubled carriers, Finance Secretary Carlos Dominguez said.
“We are prepared to participate in assistance to the airline industry,” Dominguez said in remarks before members of the Philippine Chamber of Commerce and Industry. “But let me point out that whatever assistance we have or we are going to provide will be part only of the entire process. The private sector banks have to cough up the majority of the assistance.”