Emirates Denies Any Interest In Philippine Airlines
Emirates has refuted media reports that it is interested in acquiring part of Lucio Tan's 51% shareholding in Philippine Airlines.
In a statement, the Dubai-based carrier said "there have been no talks with PAL regarding any form of strategic investment."
PAL's minority shareholder, San Miguel Corporation, also confirmed that there were no discussions with Emirates but however, did acknowledge that preliminary discussions have taken place with ANA - All Nippon Airways. The Filipino carrier's president, Ramon Ang, said it would prefer "a profitable and well known airline as its strategic partner" once Lucio Tan's withdrawal from the airline has been completed.
Source: .ch-aviation
In a statement, the Dubai-based carrier said "there have been no talks with PAL regarding any form of strategic investment."
PAL's minority shareholder, San Miguel Corporation, also confirmed that there were no discussions with Emirates but however, did acknowledge that preliminary discussions have taken place with ANA - All Nippon Airways. The Filipino carrier's president, Ramon Ang, said it would prefer "a profitable and well known airline as its strategic partner" once Lucio Tan's withdrawal from the airline has been completed.
Source: .ch-aviation
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