Ramon Ang, President and CEO of Philippine Airlines’ (PAL’s) controlling shareholder San Miguel Corp., has shelved plans to develop a new international airport for Manila after the country’s department of transportation and communication (DOTC) restricted airlines and associated companies owning 33% of a terminal project in the country’s second city. Ang last year said he would present his airport proposal to the country’s president this quarter, but now says the new ruling by the ...
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