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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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