PAL’s shareholding sale moves ahead while Qantas shows yet again that aircraft are totally overvalued on the books of many flag carriers. Air One needs a lessor to create more Indian competition; while it really is a case of buy Qantas and IAG stock.Ramon Ang’s San Miguel has finally agreed to sell its 49% stake and with it management control of Philippine Airlines’ parent PAL Holdings to business tycoon and partner Lucio Tan. Lucio Tan will buy out San Miguel in a deal that should be worth about $1.568bn. Any price paid below this amount will represent a very good
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