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Stockholders nix tender offer for PAL

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Virtually all minority stockholders of PAL Holdings Inc. snubbed tycoon Lucio Tan’s voluntary tender offer that was priced at a steep discount.

Posted: November 28th, 2014 in Headlines | Read More »

AirAsia eyes additional South Korea flights, opposed

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The domestic unit of Malaysia’s AirAsia Berhad is optimistic it will be allowed to increase flights to South Korea even after its request for limited seats was opposed by Air Philippines Corp., a sister company of Philippine Airlines.

Posted: November 24th, 2014 in Editor's Pick,Headlines | Read More »

CebuPac eyes PAL’s unused slots to Haneda

A Cebu Pacific plane on the tarmac of the Puerto Princesa international airport. RICK ALBERTO/INQUIRER.net

Cebu Pacific Air, the Philippines’ biggest budget airline, remains keen on the coveted flights to Haneda Airport in Tokyo, Japan, as it formally seeks to take over Philippine Airlines’ unused slots to this destination.

Posted: November 22nd, 2014 in Headlines,Latest Business Stories | Read More »

PAL in the red as Lucio Tan returns

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The listed owner and operator of flag carrier Philippine Airlines remained unprofitable in the third quarter of 2014 as tycoon Lucio Tan returned to the carrier’s helm.

Posted: November 18th, 2014 in Headlines | Read More »

Ailing PAL, under new management, seeks investor

Typhoon relief supplies being loaded to a Philippines Airlines Boeing 777-300ER. CONTRIBUTED PHOTO

Struggling Philippine Airlines said Friday it is looking for a new investor to help fund an expansion program that would see Asia’s oldest airline buying more long-haul jets.

Posted: November 14th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

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