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Apr 23, 2016 @ 8:27

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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