by Alvin Elchico, ABS-CBN News | 11/14/2012 6:23 PM
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[11]MANILA, Philippines - The Civil Aviation Authority of the Philippines has divulged that controversial trading firm Aman Futures Holdings Inc. has applied for a license to operate an airline with the Civil Aeronautics Board and CAAP.
CAAP chief William Hotchkiss said Aman Futures/Aman Air first applied for a franchise with the CAB and while waiting for it also applied an air operations certificate with CAAP.
Both applications were denied despite getting a favorable recommendation from the hearing officer for a 5-year certificate of public convenience and necessity to operate non-scheduled domestic air transport service.
Aman Air has listed a KingAir B200 as its sole airplane.
The Department of Justice had earlier said it will create a panel to investigate Aman Futures, the company behind a P12 billion pyramiding scam that left thousands of victims in Visayas and Mindanao.
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[12] http://www.abs-cbnnews.com/business/11/14/12/3-aman-futures-investors-seek-help-sec
[13] http://www.abs-cbnnews.com/video/business/11/13/12/thousands-investors-including-lgus-du