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PAL Receiver Accepts Cathay Pacific's Conditional Offer For Investment

Cathay Pacific moved one step closer to having a major role in running Philippine Airlines (PAL) yesterday as the Interim Rehabilitation Receiver of PAL accepted the Hong Kong-based carrier's conditional investment offer. Cathay reportedly plans to invest US$100 million in PAL, and PAL's major shareholder, Lucio Tan, would invest a smaller amount to rehabilitate the fledgling flag carrier.


 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.


 

As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.