Philippine Airlines Strikes Deal With ANA

Officials at Philippine Airlines recently stated the company is no longer negotiating with potential  investors after reaching a deal worth $95 million deal with ANA Holdings.

Jaime Bautista, president of parent company PAL Holdings, stated ANA's 9.5% stake would bring stability to the carrier.

Read more: https://asia.nikkei.com/Business/Business-Deals/Philippine-Airlines-not-negotiating-with-other-investors-after-ANA-deal