ANA takes 9.5% stake in PAL; places A320 & MAX orders

Credit: Rob Finlayson
All Nippon Airways (ANA) Holdings has revealed some major investment moves, as it confirmed the purchase of a 9.5% strategic stake in Philippine Airlines (PAL) and placed an order for 38 narrowbody aircraft from Airbus and Boeing.ANA’s 9.5% stake in PAL Holdings is valued at $95 million. The shares...

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