APEC 2015 APEC 2015 APEC 2015

PAL welcomes new investor


02:25 PM April 4th, 2012

April 4th, 2012 02:25 PM

MANILA, Philippines–The management of Philippine Airlines (PAL) on Wednesday said it was officially informed of the entry of a new investor in the holding company that controls majority shares of the flag carrier.

In a statement emailed to the media, PAL president Jaime J. Bautista welcomed the entry of San Miguel Corp. (SMC) sayings its planned investment will help the flag carrier in its refleeting program and make the airline more viable and competitive. He said a stronger PAL augurs well for the company, its shareholders and employees.

Bautista assured the riding public that it’s business as usual for PAL. The airline continues to perform its role as the country’s flag carrier, catering to the needs of its passengers especially during the peak travel season, he said.

Disclaimer: Comments do not represent the views of INQUIRER.net. We reserve the right to exclude comments which are inconsistent with our editorial standards. FULL DISCLAIMER

For feedback, complaints, or inquiries, contact us.