ANA acquires a 10% stake in PAL

Lauren Eldershaw
By Lauren Eldershaw February 12, 2019 12:39

ANA acquires a 10% stake in PAL

All Nippon Airways President and Chief Executive Officer Shinya Katanozaka and Philippine Airlines (PAL) director Michael Tan, attended a business and capital partnership ceremony with other executives in Tokyo to formally agree on ANA’s acquisition of a 10% in the airline.

Since 2014, ANA and PAL have partnered on code-sharing and mileage programs and jointly operated check-in counters. Following the investment, ANA will name a member to PAL’s board of directors to further strengthen ties. The two companies plan to collaborate on catering services and learn about each other’s marketing technologies.

Lauren Eldershaw
By Lauren Eldershaw February 12, 2019 12:39