Our crew disembarking from Panama are booked on the following flights:
PTY-CDG — Panama-Paris
CDG-HKG — Paris-Hong Kong
HKH-MNL — Hongkong-Manila
Does our crew need to have a visa/documentation from Panama since they will be having flight on Paris?
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Filipino citzens need to get an airport transit visa in advance to transit in Paris. There are exemptions for people with valid visas from a few other countries (like the US or Canada) and for seamen (but possibly only when joining a ship in a French harbour) that might apply in some cases but generally speaking a visa is required.
As stated by Timatic, the database used by airlines:
Visa not required if traveling on duty and holding a Crew License or a Crew Member Certificate according to the Chicago Convention of 7 December 1944. Crew must wear uniform and duration of stay is according to the General Declaration.
For Hong Kong:
Visa not required for those arriving as Operational Crew for a stay of max. 7 days (extension possible).
So no, your crew does not need visas.