Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Lucio Tan To Sell Philippine Airlines  
User currently offlineBigo747 From , joined Dec 1969, posts, RR:
Posted (11 years 2 months 1 week 1 day ago) and read 3212 times:

Philippine Airlines' biggest share-holder and Chairman (I think) Lucio Tan is planning to sell his share in the airline. (You can say he's selling his airline since he owns 90% of the airline)

The source said Tan is so determined to sell the airline that he has offered to pay a 3% sales commission to anyone who can facilitate the purchase.

The source declined to reveal Tan's asking price, but said any interested party will be allowed to perform due diligence to verify the airline's true value.

Tan was in talks with Lufthansa, EVA Air, Singapore Airlines for selling PAL to them.

Lucio Tan involved in PAL's management in mid-90s. His fast expansion plan with speedy fleet replacement caused the airline collapsed in 1998 for 2 weeks.



1 replies: All unread, jump to last
 
User currently offlineA380jet From Canada, joined Aug 2002, 140 posts, RR: 0
Reply 1, posted (11 years 2 months 1 week 4 hours ago) and read 3154 times:

Well if those airlines are interested. I hope Singapore Airlines wins! Big grin Although Lufthansa might want to buy the stake as Lufthansa Technik has a A330 overhauling station in Manila

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
AMR To Sell Executive Airlines posted Thu Nov 7 2002 01:42:37 by Jcs17
Recent Philippine Airlines A/c Visit To LHR? posted Tue Sep 26 2006 11:34:11 by Cornish
Philippine Airlines Reg. To LAX posted Thu Jan 12 2006 16:56:11 by SQ_EK_freak
Philippine Airlines To Get Avod posted Tue Dec 6 2005 11:20:01 by N751PR
Philippine Airlines To Order A320 Tuesday posted Mon Dec 5 2005 11:12:03 by BestWestern
Airbus In Talks To Sell A380 To 3 Chinese Airlines posted Thu Jun 16 2005 07:27:14 by Jacobin777
Boeing To Sell Cheaper B737s To Budget Airlines posted Fri Dec 17 2004 11:16:07 by 777ER
Philippine Airlines Reported To 'resume' India posted Tue Oct 26 2004 13:20:58 by Mrniji
Singapore Airlines (SQ) To Sell Its Stake In ANZ posted Tue Oct 5 2004 13:00:49 by Greaser
Philippine Airlines Yvr To Las Vegas posted Fri Mar 5 2004 02:33:08 by CO737800