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