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PAL expects deal with strategic investor sealed within first half

PAL expects deal with strategic investor sealed within first half

The operator of flag carrier Philippine Airlines is in ‘advanced’ talks to sell a minority stake to a foreign strategic investor, a move its top official said would help advance ambitions to become a world-class airline.
Jaime Bautista, president of PAL Holdings Inc., told reporters Friday that the airline was in discussions with at least one party, and they were now hammering out the ‘nitty gritty’ aspects of the potential transaction, including the price.
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