Lucio Tan agrees to buy back San Miguel’s 49% stake in Philippine Airlines
Philippine-based San Miguel Corp. (SMC) has agreed to sell its 49% in Philippine Airlines to the Lucio Tan Group (LTGroup), which currently owns 51% of the carrier. The deal is reportedly worth $1 billion and leaves the LTGroup in control of the airline. Although no further detail was available from...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
