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MGMG CAN]GN YSGYSLB[AS\ & OGNHLKBN[LAD LNHGS@A[LGN

[eb kata ogntalnbk ln teb pafbs gh tels kgou`bnt `arjbk —M GMG CAN]GN YSGYSLB[AS\/OGNHLKBN[LAD LNHGS@A[LGN‐ eavb

cbbn suc`lttbk ln ognhlkbnob, ank ogntaln trakb sborbts ank/gr prlvldbfbk gr ognhlkbntlad og``brolad gr hlnanolad lnhgr`atlgn.

Yucdlo klsodgsurb gh any lnhgr`atlgn `arjbk as lnkloatbk acgvb ls prgelcltbk cy teb [rakb _borbts Aot (15 R._.O. § 1<92) ank teb

Bogng`lo Bsplgnafb Aot gh 1<<8 (15 R._.O. § 15?1 bt. sbq.) ank ls ngt tg cb `akb avaldacdb wltegut teb prlgr wrlttbn pbr`lsslgn

gh MGMG CAN]GN

1

[eb Kb`lsb gh teb Yeldlpplnb Abrgspaob Kbvbdgp`bnt Ogrpgratlgn 

@aroe 1;, 391; 

[eb Yeldlpplnb Abrgspaob Kbvbdgp`bnt Ogrpgratlgn (YAKO) was hgunkbk gn teb vlslgn gh tebn Bxboutlvb

_borbtary Adbmankrg @bdoegr gh Yrbslkbnt Hbrklnank B. @arogs. _borbtary @bdoegr ognvlnobk Yrbslkbnt

@arogs tg pursub a kbvbdgp`bnt prgfra` hgr teb oguntry“s avlatlgn lnkustry.  

Cy Xlrtub gh Yrbslkbntlad Kborbb ng.= 358 slfnbk cy Yrbslkbnt @arogs gn _bptb`cbr 2, 1<6?, teb orbatlgn

gh a Yeldlpplnb Abrgspaob Kbvbdgp`bnt Ogrpgratlgn ank apprgprlatlnf hunks tebrbgh was autegrlzbk.

[eb YAKO was tasjbk cy ltsbdh gr tergufe lts sucslklarlbs tg unkbrtajb add `annbr gh aotlvltlbs,

cuslnbssbs gr kbvbdgp`bnt gh a rbdlacdb avlatlgn ank abrgspaob lnkustry teat seadd lnodukb cut ngt

dl l̀tbk tg=

(a) [eb kbslfn, assb`cdy, `anuhaoturb, ank sadb gh add hgr`s gh alroraht ank

avlatlgn/abrgspaob kbvlobs, bqulp`bnt gr ogntraptlgns, ank stuklbs gr rbsbaroebs hgr

lnngvatlgns ank l`prgvb`bnts tebrbgn.

(c) [eb kbvbdgp`bnt gh dgoad oapacldltlbs ln teb `alntbnanob, rbpalr/gvbreaud, ank

`gklhloatlgn gh abrgspaob ank assgolatbk hdlfet ank frgunk bqulp`bnt ank og`pgnbnts

tebrbgh ln grkbr tg prgvlkb tboenload sbrvlobs ank gvbreaud suppgrt tg fgvbrn`bnt

afbnolbs gwnlnf abrgspaob bqulp`bnt, teb Yeldlpplnb Alr Hgrob, teb natlgnad alrdlnb,

hgrblfn alrdlnb og`panlbs, hgrblfn alr hgrobs ank tg teb avlatlgn lnkustry ln fbnbrad.

(o) [eb gpbratlgn ank prgvlslgn gh alr transpgrt sbrvlobs, webtebr hgr oarfg gr

passbnfbrs gn a soebkudbk, gr oeartbr casls gn kg`bstlo ank/gr lntbrnatlgnad soadb.

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Mgmg Canzgn Yrgprlbtary/Ognhlkbntlad Lnhgr`atlgn (sbb pafb 1)

3

YAKO rboblvbk a tgtad a`gunt gh ₱326,886,;99.99 as an lnltlad lnvbst`bnt. [eb Kbvbdgp`bnt Canj gh

teb Yeldlpplnbs (KCY) ank Fgvbrn`bnt _brvlob Lnsuranob _brvlob (F_L_) ogntrlcutbk ₱39,999,999.99 baoe 

ank teb rbst ln teb a`gunt gh ₱316,886,;99.99  og`bs hrg` teb Natlgnad ([rbasury) Fgvbrn`bnt hunk.

Aoogrklnf tg teb Yeldlpplnb Ognsu`br Yrlob Lnkbx cbtwbbn 1<6; ank 391?, teb tgtad lnltlad lnvbst`bnt

rboblvbk cy YAKO ln 1<6; ls bqulvadbnt tg `grb tean hlvb (2) clddlgn pbsgs ln tgkay“s `gnby.

L``bklatbdy ahtbr YAKOs lnogrpgratlgn, a dlobnslnf afrbb`bnt wlte @bssbrsoe`ltt-Cgdjgw-Cdge` gh

Fbr`any was slfnbk hgr teb assb`cdy ank `anuhaoturb gh CG-192O dlfet utldlty ebdlogptbr. YAKO

og`pdbtbk blfet (5) unlts gh CG-192O, assb`cdbk hrg` a jngojbk kgwn jlts cy teb bnk gh 1<6;.

Veldb YAKO was cusy assb`cdlnf teb CG-192O a nbw dlobnsb afrbb`bnt was slfnbk wlte Halrby Crlttbn-

Ngr`an (HC-N) gh Cb`crlkfb, Rnltbk Jlnfkg` teru teblr dlobnsbk Har Bastbrn Klstrlcutgr Crlan

Vggkhgrk, @anaflnf Klrbotgr gh Ebdlg-Grlbnt gh _lnfapgrb hgr teb prgfrbsslvb prgkuotlgn gh 199 unlts

gh teb CN-3A Lsdankbr alroraht ln teb Yeldlpplnbs wlte HC-N cuylnf caoj teb 32 unlts.

[ebsb sa`b CN-3A Lsdankbr alroraht wbrb usbk cy YAKO“s sucslklary Yeldlpplnb Abrgtranspgrt Lno (YA[L)

teat runs Surad Alr _brvlob, prgvlklnf alr dlnjs tg rb`gtb og``unltlbs ank lsdanks. YA[L obasbs

gpbratlgns tegufe cy `lk 1<65 webn teb Yeldlpplnb Alr Dlnbs acsgrcbk teblr gpbratlgns.

Ln 1<55, teb Yeldlpplnb Alr Hgrob/Yeldlpplnb Fgvbrn`bnt slfnbk an afrbb`bnt wlte Afusta _.p.A gh Ltady

hgr teb kbdlvbry gh 15 unlts gh _H389 [Y @ldltary [ralnbr alroraht ank 3; unlts gh _311 @ldltary Mbt

[ralnbr/Dlfet Attaoj Alroraht. YAKO, cblnf teb fgvbrn`bnt ar` hgr avlatlgn was acdb tg sbourb teb

assb`cdy gh tebsb alroraht pdus akkltlgnad ̀ anegurs gh wgrjs as a oguntbrtrakb afrbb`bnt wlte Afusta.

[eb YAKO adsg rboblvbk Danoalr alroraht jlts ln 1<<2 hgr assb`cdy lntg hdyacdb ognkltlgn. [ebsb Danoalrs

cbdgnfs tg teb nbwdy rbgrfanlzbk Yeldlpplnb Natlgnad Ygdlob hgr lts antl-orl`b gpbratlgns.

Datb 1<<2, teb Kbpart`bnt gh _olbnob ank [boengdgfy (KG_[) partnbrbk wlte teb Kbpart`bnt gh

[ranspgrtatlgn ank Og``unloatlgns (KG[O)/YAKO (YAKO was an attaoebk afbnoy gh KG[O) hgr tebkbslfn ank `anuhaoturb gh a dlfet utldlty alroraht. A cukfbt gh ₱29 `lddlgn was barnbk `arj hgr tels S&K

prgmbot ‟ a h lrst ln teb 1< ybars gh YAKOs bxlstbnob.

[eb prgmbot was ognslkbrbk farfantuan teat teb `gst tadbntbk ank sbdbot abrgnautload bnflnbbrs (tels

autegr lnodukbk) ank avlatlgn prghbsslgnads gh teb dank wbrb su``gnbk cy tebn YAKO Yrbslkbnt

Yrukbnolg Sbybs tg partlolpatb ln suoe unkbrtajlnf. A spbolad og``lttbb was hgr`bk ank oguntdbss

`bbtlnfs ank cralnstgr`lnf wbrb ebdk.

Cy `lk 1<<8, Yrukbnolg Sbybs was rbpdaobk cy Oapt. Yanhldg Xlddarubd as teb nbw YAKO prbslkbnt. Lt was

tebn teat teb og``lttbb was klscankbk ank teb prgmbot was sebdvbk ln havgr gh angtebr.

@banweldb, kub tg teb fggk wgrjlnf rbdatlgnselp gh YAKO wlte Afusta _.p.A., an afrbb`bnt was

bntbrbk hgr teb og-prgkuotlgn gh teb _H.899 Oanfurg hbbkbrdlnbr, a tbn sbatbr twln bnflnb, elfe wlnf

alroraht.

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Mgmg Canzgn. Yrgprlbtary/Ognhlkbntlad Lnhgr`atlgn (sbb pafb 1)

?

[wg (3) _H.899 Oanfurg wbrb assb`cdbk cy YAKO cut teb og-prgkuotlgn afrbb`bnt klk ngt `gvb

hgrwark. [eb 3 Oanfurgs wbrb datbr sgdk tg YNY ank teb Yeldlpplnb Ogast Fuark.

YAKO unvbldbk teblr nbw SY-U Adpea Eu``lnfclrk Ebdlogptbr prgmbot unkbr teb `anafb`bnt gh Oapt.

Xlddarubd cy @ay gh 1<<5. Aoogrklnfdy, teb Eu``lnfclrk was teb hlrst ebdlogptbr kbslfnbk ank

`anuhaoturbk ln teb Yeldlpplnbs.

Egwbvbr, teb prgmbot was l``bklatbdy oanobddbk ahtbr lt“s daunoelnf kub tg teb hgddgwlnf rbasgns=  

1.  Rnacdb tg sucstantlatb teb krawlnfs, abrgkyna`los ank struoturad kbslfn/strbss

anadysls rbqulrb`bnts gh teb Alr [ranspgrtatlgn Ghhlob (ngw Olvld Abrgnautlos Cgark)

tg rbflstbr teb Eu``lnfclrk.

3.  L`pbnklnf dawsults cy Burgogptbr (ngw Alrcus Ebdlogptbr Yeldlpplnbs) kub tg patbnt

lnhrlnfb`bnt segudk YAKO ogntlnub wlte teb Eu``lnfclrk prgfra`.

?.  [eb nbbk tg l``bklatbdy rbturn teb cgrrgwbk `amgr og`pgnbnts gh Eu``lnfclrk

hrg` teb alrwgrtey CG-192 (wlte rbflstratlgn nu`cbr SY-O18?)

Adtegufe har hrg` cblnf hdyacdb at teb tl`b, angtebr alroraht prgmbot, kuccbk as teb Kbhlant 299

Obntbnnlad alroraht, was ahhbotbk cy teb Eu``lnfclrk ogntrgvbrslbs ank was oanobddbk as wbdd. Oaptaln

Xlddarubd dbht YAKO cy Mudy gh 1<<5.

Lt ls lntbrbstlnf tg ngtb teat YAKO spbnt a tgtad a`gunt gh ₱?;,?23,<55.99 hgr teb rbsbaroe ank

kbvbdgp`bnt gh teb SY-U Adpea Eu``lnfclrk Ebdlogptbr ank teb Kbhlant 299 Obntbnnlad alroraht.

[g katb, teb YAKO eas assb`cdbk ;; unlts gh CG-192 Ebdlogptbr, 86 unlts gh CN Lsdankbr alroraht, 15 unlts

gh _H 389 [Y @ldltary [ralnbr alroraht, 3; unlts gh _311 @ldltary Mbt [ralnbr/Dlfet Attaoj Alroraht. 8 unlts gh

Danoalr B_ twg sbatbr dlfet alroraht, 3 unlts gh Danoalr LX hgur sbatbr dlfet alroraht ank 3 unlts gh Oanfurg

Hbbkbrdlnbr alroraht.

YAKO eas adsg kbvbdgpbk oapacldltlbs hgr teb lnstaddatlgns, lnspbotlgn, rbpalr ank gvbreaud gh teb

hgddgwlnf ltb`s lnoduklnf lts aoobssgrlbs=

1.  Alroraht plstgn bnflnbs ([bxtrgn Dyog`lnf/Ogntlnbntad)

3.  Addlsgn @gkbd 329 [urcgseaht bnflnb (ngw Sgdds-Sgyob @329)

?.  Xarlgus prgpbddbrs

;.  Danklnf Fbars

2.  Avlgnlos ank Lnstru`bnts

8. 

Xarlgus al rhra`b6.  Gtebrs.

Kbspltb teb varlgus aotlvltlbs unkbrtajbn cy YAKO gvbr ;9 ybars gh lts bxlstbnob, teb bstacdlse`bnt gh a

sbdh rbdlant avlatlgn lnkustry as hlrst bnvlslgnbk cy Adbmankrg @bdoegr ls stldd ngt bstacdlsebk. YAKO eas

haldbk tg trudy l`pdb`bnt lts nu`cbr gnb `ankatb, tg kbslfn ank `anuhaoturb alroraht.

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Mgmg Canzgn Yrgprlbtary/Ognhlkbntlad Lnhgr`atlgn (sbb pafb 1)

;

Lt bvbn haldbk tg sbourb `gst gh teb dgoad cuslnbssbs ln teb hlbdk gh alroraht rbpalr ank `alntbnanob tg

savb hgrblfn bxoeanfb rbsbrvbs ank hgr teb utldlzatlgn gh dgoad sjlddbk `anpgwbr. Xarlgus alroraht,

fgvbrn`bnt ank prlvatbdy gwnbk, arb sbnt gvbrsbas hgr Lnspbotlgns ank Sbpalr (LSAN) bvbn tegufe

YAKO eas teb ln-egusb oapacldlty tg kg suoe mgc. [eb Yrbslkbntlad Hgjjbr H-36 alroraht gpbratbk cy teb

Yeldlpplnb Alr Hgrob was a odasslo bxa`pdb. [els alroraht was sbnt tg _lnfapgrb ln teb <9“s hgr LSAN, bvbn

tegufe YAKO eak adrbaky LSAN twg (3) Hgjjbr H-36 teb prlgr ybars. Ln 3996, weldb YAKO eavb teb hudd

oapacldlty tg `anuhaoturb CN Lsdankbr alroraht, twg (3) Yeldlpplnb Navy CN Lsdankbrs wbrb

rbhurclsebk/upfrakbk cy Eawjbr Yaolhlo Dtk gh Austradla

Aoogrklnf tg teb Og``lsslgn gn Auklt, `amgrlty gh YAKO rbvbnub oa`b hrg` sgurobs dljb culdklnf rbntad

ank eanfarafb hbbs. Sbvbnubs hrg` alroraht rbdatbk prgkuots og`prlsb gndy a hraotlgn tebrbgh.

Ln 3919 & 391;, Oafayan kb Grg Ognfrbss`an Suhus C. Sgkrlfubz hldbk Egusb Cldd ng. 3586 ank ?596,

rbspbotlvbdy, sbbjlnf tg acgdlse nu`brgus unkbrpbrhgr`lnf Fgvbrn`bnt Gwnbk ank Ogntrgddbk

Ogrpgratlgn lnoduklnf YAKO.

Veldb YAKO bnmgys an bxb`ptlgn hrg` add natlgnad ank dgoad taxbs, kutlbs, ank hbbs, tarlhh, og`pbnsatlnf tax

ank add gtebr taxbs as pbr Y.K. 1<91, teb Og``lsslgn gn Auklt hgunk gut gn lts 3913 auklt teat YAKO eas cbbn

dgslnf `lddlgns ln lts gpbratlgns, ank teus rbog``bnkbk teat ̀ anafb`bnt segudk ognslkbr odgslnf kgwn.

Dast Hbcruary ?, 391;, teb Fgvbrnanob Og``lsslgn hgr FGOOs rbdbasbk a statb`bnt statlnf teat teby

rbog``bnkbk tg Yrbslkbnt Cbnlfng _. Aqulng LLL odgslnf sg`b gh teb FGOO lnoduklnf afaln teb YAKO.

[l`b ls tlojlnf, aoogrklnf tg _botlgn 1 gh Y.K. 358, YAKO seadd eavb a suoobsslgn pbrlgk gh 29 ybars hrg`

_bptb`cbr 2, 1<6? gr untld _bptb`cbr 2, 393?. Vltegut any prgfra` tg spbarebak teb dgoad avlatlgn

lnkustry, dgslnf `gnby ybar ahtbr ybar, varlgus fgvbrn`bnt afbnolbs afalnst lts bxlstbnob, YAKO ls ln

l``lnbnt kanfbr gh bltebr (1) odgslnf kgwn cbhgrb rbaoelnf 393? gr (3) teb fgvbrn`bnt wldd dbt lts

gpbratlgn obasbs upgn rbaoelnf lts `aturlty katb.

Ank webn teat YAKO karj tl`b og`bs, YAKO wldd ngt gndy hald teb frbat vlslgn teat _borbtary @bdoegr

gnob eak cut adsg teb egpb gh teb wegdb Hldlplng natlgn…..  

Mgmg Canzgn 

Lnvbntgr=

R_ Yatbnt & [rakb`arj Ghhlob # <61?<92  Oarcgn-gn-oarcgn @anuhaoturlnf 

NA_A _CLS Hlnad Sbpgrt= Dgw Ogst Oarcgn-Oarcgn Sgojbt Ngzzdb Kbvbdgp`bnt  

[boenload Sbpgrt ¶ Hlnad Sbpgrt hgr NA_A Ogntraot #NNU11OF1;Y (Aufust 3911)

R_ Yatbnt & [rakb`arj Ghhlob # <39863<  [ergttdbacdb Bxeaust Xbnturl  

R_ Yatbnt & [rakb`arj Ghhlob # 391191599?3A1  Lnsudatbk Og`custlgn Oea`cbr