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National flag carrier Philippine Airlines Inc. (PAL) is acquiring two brand new Airbus aircraft under a revised fleet renewal program after successfully buying back the stake of diversified conglomerate San Miguel Corp. (SMC).

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Taipan Lucio Tan committed yesterday to keep the parent firm of Philippine Airlines Inc. (PAL) listed at the Philippine Stock Exchange (PSE) amid the ongoing voluntary tender offer to buy out the minority shareholders of the national flag carrier.

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The Lucio Tan Group has offered to buy out the minority shareholders of the listed parent firm of Philippine Airlines Inc. (PAL) after buying back the interest of diversified conglomerate San Miguel Corp. (SMC) in the national flag carrier for $1.3 billion last month.

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                    [Title] => PAL Holdings turns around, posts P2.44-B profit in April-September
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PAL Holdings Inc., the publicly-listed parent firm of flag carrier Philippine Airlines, posted a net income of P2.44 billion in the six months ending September this year, a reversal of the P177.63-million loss incurred in the same period last year.
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TRUSTMARK HOLDINGS CORP

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National flag carrier Philippine Airlines Inc. (PAL) is acquiring two brand new Airbus aircraft under a revised fleet renewal program after successfully buying back the stake of diversified conglomerate San Miguel Corp. (SMC).

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PAL Holdings Inc., the publicly-listed parent firm of flag carrier Philippine Airlines, posted a net income of P2.44 billion in the six months ending September this year, a reversal of the P177.63-million loss incurred in the same period last year.
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abtest

PAL orders 2 more Airbus, revises sked for 10 planes

By Lawrence Agcaoili | March 29, 2015 - 10:00am

National flag carrier Philippine Airlines Inc. (PAL) is acquiring two brand new Airbus aircraft under a revised fleet renewal program after successfully buying back the stake of diversified conglomerate San Miguel...

Business

PAL Holdings to remain listed – Tan

By Lawrence Agcaoili | October 21, 2014 - 12:00am

Taipan Lucio Tan committed yesterday to keep the parent firm of Philippine Airlines Inc. (PAL) listed at the Philippine Stock Exchange (PSE) amid the ongoing voluntary tender offer to buy out the minority shareholders...

Business

Lucio Tan taking PAL private

By Lawrence Agcaoili | October 18, 2014 - 12:00am

The Lucio Tan Group has offered to buy out the minority shareholders of the listed parent firm of Philippine Airlines Inc. (PAL) after buying back the interest of diversified conglomerate San Miguel Corp. (SMC) in...

Business

Tan, SMC to finalize PAL stake sale next yr

By Louella Desiderio | December 19, 2013 - 12:00am

Negotiations for the sale of the majority stake in flag carrier Philippine Airlines Inc. (PAL) with San Miguel Corp. (SMC) are expected to be finalized by next year.

Business

PAL Holdings turns around, posts P2.44-B profit in April-September

By Zinnia B. Dela Peña | November 24, 2010 - 12:00am

PAL Holdings Inc., the publicly-listed parent firm of flag carrier Philippine Airlines, posted a net income of P2.44 billion in the six months ending September this year, a reversal of the P177.63-million loss incurred...

Business