ONELGC WELCOMES PARTNERSHIP FOR THE FUTURE: AIR21 HOLDINGS AND AC LOGISTICS CORPORATION
The Lina Group of Companies (OneLGC) held a virtual Town Hall meeting on November 16, 2021. They discussed the recent Investment Agreement made between AIR21 Holdings Inc. (AHI) and AC Logistics Holdings Corp. The Town Hall had OneLGC founders Mr. Alberto and Sylvia Lina and leadership from both OneLGC and AC Logistics in attendance to give further details about the Investment Agreement and answer any questions.
During the event, Mrs. Lina expressed her gratitude to the OneLGC for trusting Mr. Lina’s leadership and wishes that “tuloy-tuloy niyo pa ang pagtitiwala sa ating Chairman, lalo ngayon na meron na tayong bagong partner na talaga namang mapapagkatiwalaan.”
“Whenever we do things, meron tayong mission – paano tayo makakatulong sa ating bayan,” says Mr. Lina, and to him, this partnership is all part of that mission to help enrich the lives of Filipinos.
Mr. Rene Almendras, President of AC Logistics, gave his message where he admits that since 2016 he was hopeful that AIR21 and the Ayala Group would one day become partners. However, he says that they chose AIR21 because “we did not value the company based on your assets, we valued the company based on the people.”
The event ended with the closing remarks of IWMI President Mr. Chito Pacheco, where he wished a “warm welcome to the future” of both companies and that 2022 is “a good year for us to start our new venture.”
The OneLGC is a conglomerate of over 20 affiliates sharing expertise in various industries.
AHI is the holding company of Mr. Lina that consolidates ownership stakes for AIR21, AIR21 Subic, U-Freight, U-Ocean, Cargohaus Inc., LGC Logistics Inc., Waste and Resource Management Inc. (WARM), and Integrated Waste Management Inc. (IWMI).
AC Logistics is Ayala Corporation’s wholly-owned subsidiary for investments in the logistics sector.