Current owners of Magnum Air (Skyjet) Inc. expressed their hopes to resolve the issue involving the 80-seater aircraft that was seized by Bureau of Customs (BOC). Magnum Air's CEO Patrick Tan said in a statement that the new management team wanted to settle their liabilities but without the penalties cited by the government, which he insisted should not be shouldered by the company. Tan added thattheissueover theplanewasjust one of several irregularitiestheydiscovered during an internal compliance audit and corporate restructuring that began December 2016. Also, the said aircraft was legally admitted upon first importation as shown by documents submitted to the BOC seizure...
Keep on reading: Magnum Air to cooperate with BOC about seized aircraft
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