Airline

Lucio Tan Group will exit Phillippine Airlines by year-end

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Lucio Tan Group will exit Phillippine Airlines by year-end

Phillippine Airlines majority shareholder Lucio Tan Group has confirmed plans to exit the airline by the end of this year. Philippine Airlines President and COO Ramon Ang stated that an undisclosed foreign carrier is in the process of acquiring a shareholding in the airline. Ang said: "A foreign com...

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