Philippine Airlines (PAL) has pulled back from plans to introduce new Australian routes later this year, following a recent $1 billion agreement between minority shareholder San Miguel Corporation and the Lucio Tan Group (LTG) to transfer the beer group’s 49% holding to LTG. The cancellation of proposed routes to Perth and Brisbane is the first significant change in policy since the parties formally agreed to the deal yesterday. San Miguel CEO Ramon Ang’s tenure as PAL president ...

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