Philippine Airlines’ (PAL) majority owner, Lucio Tan, may be about to sell his shares in PAL, a business which he no longer controls. In a statement, PAL says that some undisclosed investors have approached Tan to buy his 51% stake, adding that “Tan’s group is seriously looking into the proposal.” Some reports have suggested Ramon Ang’s San Miguel Corp. which already owns 49% of PAL and has effective management control of the airline, may be the party looking to buy the 51% stake. But ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Tan In Talks To Sell 51% Of PAL".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.