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Lucio Tan submits offer to buy out RSA

The group of tycoon Lucio Tan has submitted to San Miguel Corp. a formal proposal to buy back the latter’s 49-percent stake in Philippine Airlines (PAL) in a bid to consolidate control of the flag carrier.

Posted: August 2nd, 2014 in Headlines | Read More »

Biz Buzz: Reopening the skies

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While the partnership between the Lucio Tan group and San Miguel Corp. in Philippine Airlines (PAL) is crumbling, this is also seen giving another big business group a second crack at buying into the flag carrier.

Posted: July 30th, 2014 in Columnists,Featured Columns,Inquirer Columns | Read More »

SMC confirms breakup talks with Tan camp

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Conglomerate San Miguel Corp. is bracing for the conclusion of a buyout deal in Philippine Airlines “as soon as possible” while the group of tycoon Lucio Tan stepped up efforts to raise the funds to reclaim full control of the flag carrier.

Posted: July 29th, 2014 in Headlines | Read More »

SMC-Lucio Tan showdown over PAL looms

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The alliance between the San Miguel conglomerate and Lucio Tan group in Philippine Airlines is at risk of breaking up, with one group likely to buy out the other and consolidate control of the country’s flag carrier soon.

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

PAL gets go signal to fly over Russia

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FILE PHOTO

Flag carrier Philippine Airlines (PAL) has obtained regulatory approval to fly over Russia for its Manila to London route to cut travel time by as much as two hours while steering clear of any conflict areas, according to a statement issued Thursday.

Posted: July 25th, 2014 in Latest Business Stories | Read More »

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