PAL IN TALKS WITH NEW INVESTORS

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP January 14, 2011 10:12

PAL IN TALKS WITH NEW INVESTORS

The management of Philippine Airlines (PAL) has confirmed it is in talks with potential investors but stressed they were only exploratory at the moment.

Local media suggested that the airline was in talks with Ramon Ang, president of conglomerate San Miguel, on the purchase of 40% of Philippine Airlines, which prompted a PAL spokesperson to state the talks were only exploratory in nature and to quell rumours the airline is for sale due to losses sustained between 2008 and 2010.

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP January 14, 2011 10:12
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Fpal-in-talks-with-new-investors%2F"> registered </a> users can comment.