Andrewfung From , joined Dec 1969, posts, RR:
Reply 8, posted (14 years 1 week 14 hours ago) and read 2400 times:
if memory serves rightly, CX where said to be involved in a management contract. those discussions fell through as PAL was seen as something of a basket case (my reading between the lines).
these days i doubt very much that CX would want to go through the trouble again. PAL is really only a domestic market play for CX and thus limited appeal. CX has a good international network, why weigh it down with the additional burden? if CX were to ever consider it seriously (a buyout) then it would have to be at a serious discount. not sure that Lucio Tan (current chairman and major shareholder) would want to do that unless it was obvious it was going down the tubes and no govt $$$ were forthcoming.