If PAL, with their 747-400's/A330's/340's..couldn't compete with Emirates, Etihad, Gulf-Air, Saudia, Kuwaiti, and Qatar on the middle-east routes and had to PULL-OUT... the chances for success of this Airline ..with a Clark-basing to boot, is zilch.
Sounds like a rich investor with no aviation background read a hyped-up business plan, and bit the "hook".
