pal

Philippine tycoon Lucio Tan mulls sale of Philippine Airlines

About a year after San Miguel invested in the airline, Tan’s group is approached by investors to sell its 51% holding.

June 12, 2013

Lucio Tan pledges to invest in order to divest PAL stake

Filipino tycoon Lucio Tan is promising a $200 million investment in PAL in return for government protection from foreign competition. Six weeks ago he was looking to sell out for $200 million.

August 01, 2000