PAL welcomes new investor
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.
Get Inquirer updates while on the go, add us on these apps:
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94