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PAL denies that it has started the groundwork to sell a minority stake to strategic investor

Philippine Airlines issued a clarification to a news article that claimed PAL was looking to sell a 20% to 25% minority stake to a strategic investor, and that PAL “recently formed a team to ‘receive some offers’”......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

PAL revives stake sale to investors

Taipan Lucio Tan has revived plans to sell a significant stake in Philippine Airlines (PAL) to a strategic investor who could help the flag carrier soar to even greater heights, industry sources said......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

DGCA s new guidelines mandate seats for children below 12 years near parents

New Delhi [India], April 23 (ANI): The Directorate General of Civil Aviation (DGCA) has implemented amendments to improve child seating arrangements in airlines. Now DGCA mandates the airlines to provide seats to children under age 12 near to at least one of the parent or guardian. The circular by DGCA now mandates airlines to allocate seats for children up to the age of 12 years with at least one of their parents/guardia.....»»

Category: newsSource:  manilanewsRelated NewsApr 23rd, 2024

United Airlines to Introduce Mile Sharing Feature for Friends and Family

United Airlines to Introduce New “Family Pooling” Feature for Mileage Plus Members United Airlines has exciting news for its Mileage Plus members. The airline is.....»»

Category: newsSource:  thedailyguardianRelated NewsMar 22nd, 2024

Boeing Issues Directive for Airlines to Inspect 787 Cockpit Seats Following Latam Incident

Boeing Issues Safety Reminder for Airlines Following Incident on Dreamliner Flight Boeing has instructed airlines to check the cockpit seats of its 787 Dreamliner plane.....»»

Category: newsSource:  thedailyguardianRelated NewsMar 15th, 2024

PAL secures spot among top 10 most punctual airlines in 2023

Flag carrier Philippine Airlines secured the second spot for punctuality among Asia-Pacific airlines in December 2023, according to London-based aviation analytics Cirium......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Jollibee buys 10% stake in Botrista for $28-M

Jollibee disclosed that it purchased a 10% stake in Botrista, a “leader in the beverage technology space”, for $28 million through its subsidiary, Jollibee Worldwide Pte. Ltd......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

BPI to sell its entire 15% GoTyme Bank stake back to the Gokongweis

Zobel Family banking unit BPI disclosed that its board of directors has approved the sale of BPI’s stake in GoTyme Bank to a subsidiary of JG Summit and a company called Giga Investment Holdings Pte. Ltd. at a price of P1.20/share......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

AboitizPower hikes stake in STEAG

Aboitiz Power Corp. has acquired an additional 15.6 percent stake in STEAG State Power Inc., boosting its equity to a majority of 85 percent......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2024

Metro Pacific exploring purchase of Ayala Corp.’s LRT-1 stake

Back in mid-January, news broke that Ayala Corp. was looking to sell its 35% stake in Light Rail Manila Corp. to the Villar Group, but that AC’s co-investor, Metro Pacific Investments, had the right of first refusal under its shareholders agreement......»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 2024

MPIC to pursue buyout of Ayala stake in LRT-1

Metro Pacific Investments Corp. plans to buy out the 35 percent stake of the Ayalas in the operator of Light Rail Transit Line 1 to beef up MPIC’s portfolio for its eventual bid for other railways......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

REDC anchor investor buys secondary share stake

This transaction highlights the important differences between primary (new) and secondary (pre-owned) shares. In this case, had TOKAI purchased the stake in primary shares from REDC......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2024

MGreen hikes stake in SPNEC

MGen Renewable Energy Inc. a wholly owned subsidiary of Meralco Powergen Corp., has raised its stake in integrated solar developer SP New Energy Corp......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2024

Germany mulling sale of stake in top gas importer - Bloomberg

Uniper was nationalized after facing 40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country's main gas importer Uniper, which was bailed out during the energy crisis of 2022, Bloomberg reported on Wednesday, citing people familiar wi.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 3rd, 2024

Germany mulling stake sale in major gas importer - Bloomberg

Uniper was nationalized after facing 40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country's major gas importer Uniper, which was bailed out during the energy crisis in 2022, Bloomberg reported on Wednesday, citing people familiar w.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 3rd, 2024

Ayala Corp. is interested in selling LRT-1 stake to Villar Group

Bilyonaryo is reporting from a source that Ayala Corp. is interested in selling its 35% stake in Light Rail Manila Corp.  to Manny Villar, but that Metro Pacific Investments, AC’s co-investor in LRMC, has a right of first refusal......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024

DAR vows to distribute remaining 1 million land titles

The Department of Agrarian Reform will distribute the remaining one million land titles to farmer-beneficiaries before the term of President Marcos ends in June 2028......»»

Category: newsSource:  philstarRelated NewsMar 31st, 2024

Remaining 36 families refuse to leave homes in Hipodromo

Remaining 36 families refuse to leave homes in Hipodromo.....»»

Category: newsSource:  sunstarRelated NewsMar 3rd, 2024

27 rebel returnees get educational, financial aid; Tongson joins call for remaining defactors surrender

27 rebel returnees get educational, financial aid; Tongson joins call for remaining defactors surrender.....»»

Category: newsSource:  sunstarRelated NewsFeb 20th, 2024

Alex Gonzaga calls out Philippine Airlines for canceled flight; PAL responds

Actress Alex Gonzaga called out Philippine Airlines (PAL) after her husband Mikee Morada's flight was canceled. .....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024