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Tan starts offer for PAL shares

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LUCIO TAN

Businessman Lucio Tan on Wednesday launched a voluntary tender offer priced at a sharp discount to buy out minority shareholders of flag carrier Philippine Airlines and its listed owner PAL Holdings Inc., according to a regulatory filing.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

PAL changed course in Q2, posted income of P1.46B

SCREENGRAB from www.philippineairlines.com

The listed operator of Philippine Airlines made a turnaround in the second quarter of 2014, which typically sees a boost in travel due to the summer break, with the international business helping lift the flag carrier out of successive quarters of decline.

Posted: August 16th, 2014 in Headlines,Latest Business Stories | Read More »

PAL Holdings losses mount

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PAL Holdings Inc., the parent firm of flag carrier Philippine Airlines, reported that its losses in the quarter ending in December had widened due to recent expansion efforts—where rising costs outpaced growth in revenue.

Posted: February 15th, 2013 in Headlines | Read More »

SMC chief Ramon Ang now also PAL president

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RAMON ANG is new PAL president. PHOTO FROM SANMIGUEL.COM.PH

San Miguel Corp. has taken over management control of publicly listed PAL Holdings—the parent company of flag carrier Philippine Airlines—following a recent $500-million buy-in deal with the group of taipan Lucio Tan.

Posted: April 21st, 2012 in Editor's Pick,Featured Gallery,Headlines,Latest Business Stories,Photos & Videos | Read More »

PAL parent firm reports P1.46B in net loss

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Lucio Tan’s PAL Holdings Inc., the parent company of flag carrier Philippine Airlines, posted a net loss of P1.459 billion in October to December 2011, the listed firm reported this week.

Posted: February 22nd, 2012 in Latest Business Stories | Read More »

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