PAL in talks with an investor
Talks are ongoing between Philippine Airlines and a potential strategic investor for a possible investment in the country?s flag carrier, its executive said Thursday night.
PAL president and chief operating officer Jaime Bautista confirmed to the reporters the ?preliminary talks? with a potential strategic partner, but said ?we were not at liberty to give any information.?
He did not disclose the identity of the prospective strategic investor.
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