MANILA, Philippines --- Flag carrier Philippine Airlines has sealed an investment agreement with Japan's ANA Holdings, parent of All Nippon Airways (ANA). In a joint statement on Tuesday, the companies announced that ANA Holdings will take a 9.5 percent stake in PAL Holdings for $95 million. The announcement confirms a report published by the Philippine Daily Inquirer last week. "We are honored and excited that a premier airline group such as ANA HD has decided to purchase shares in PAL Holdings," Jaime Bautista, president of PAL Holdings and Philippine Airlines, said in the statement. "The Philippines and Japan have a long-standing relations...
Keep on reading: Japan’s ANA, Philippine Airlines seal investment deal
from INQUIRER.net http://bit.ly/2FVhXNC
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