23 January 2014
 |
| Star Alliance member Air Nippon Airways (ANA) of Japan has agreed to take the minority stake of Philippine Airlines, asia's first airline."We hope to close a deal maybe in the next 30 days," PAL president Ramon S. Ang said at the launch of the elevated expressways project linking northern and southern Metro Manila dubbed as Metro Manila Skyway Stage 3. At stake is the 51% interest of the Lucio Tan group but the sale will involved only 40% interest while the remaining 10% is expected to be sold to the public. |
