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