Section 1Sec./Art. 1

There is hereby granted to Pacific Airways Corporation, hereinafter referred to as the grantee, a franchise to establish, operate and maintain rural air transport services for the carriage of passengers, cargo and mail, industrial flights, aerial agricultural spraying, aerial environmental. protection and management and related services, in and between municipalities, cities or provinces and all points and places throughout the Philippines and to enhance efficiency in the provision of such services to manufacture, overhaul, assemble and repair aircraft components, parts, tools, engines, airframes, propellers, and related parts.