Philippine Airlines ‘in talks’ with investor for global expansion
Top executive of Philippine Airlines said the firm was “in talks” with an investor to help it achieve the goal of becoming a 5-star carrier by 2020. PAL president and COO Jaime Bautista described the talks as "very preliminary," while declining to give additional details. Taking a partner, either for money or for strategic purposes, like another airline, has always been in the cards since taipan Lucio Tan retook full control of the carrier in 2014. PAL has been in an on-again, off-again talks with foreign groups, and in more recent interviews, Bautista said the carrier was more keen on bolstering its business and valuation rather than considering investors. Bautista said previously a strategic partner made sense for PAL, which is seeking to expand its presence globally. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-04-25/unaligned/philippine-airlines-2018in-talks2019-with-investor-for-global-expansion
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Philippine Airlines ‘in talks’ with investor for global expansion
Top executive of Philippine Airlines said the firm was “in talks” with an investor to help it achieve the goal of becoming a 5-star carrier by 2020. PAL president and COO Jaime Bautista described the talks as "very preliminary," while declining to give additional details. Taking a partner, either for money or for strategic purposes, like another airline, has always been in the cards since taipan Lucio Tan retook full control of the carrier in 2014. PAL has been in an on-again, off-again talks with foreign groups, and in more recent interviews, Bautista said the carrier was more keen on bolstering its business and valuation rather than considering investors. Bautista said previously a strategic partner made sense for PAL, which is seeking to expand its presence globally. <br/>
