![\"\"](\"https:\/\/www.philippinesentinel.org\/wp-content\/uploads\/2019\/03\/PALJALPhoto.jpg\")
<\/figure><\/div>\n\n\n\nAll Nippon Airways (ANA), largest airline of Japan is buying 9.5% stake in Philippine Airlines. The announcement was recently made by Philippine Airlines Chairman Lucio Tan as Asia\u2019s oldest carrier will celebrate its 78th year in the industry. <\/p>\n\n\n\n
ANA\u2019s\ninvestment in PAL Holdings amounts to USD95 million which is equivalent to\nclose to almost 5 billion Philippine pesos. <\/p>\n\n\n\n
PAL Holdings is controlled by Taipan Lucio Tan, who considers PAL among his \u201cmost cherished businesses<\/em>\u201d but has been keen to tap foreign partners as he did with his cigarette and beer units. There are reports that ANA\u2019s stake in PAL will mean having a seat in the board of Philippine Airlines. The stake will give ANA Holdings a seat on the board of PAL Holdings, which is listed on the Philippine Stock Exchange. <\/p>\n\n\n\n As of press time, there is still no indication that Japan Air Lines will\nbe able to make use of PAL\u2019s terminal in Manila but there is indication that\nJAL passengers are likely to board and disembark at the exclusive terminal\nbuilding of Philippine Airlines. As of now, all other airlines have to use\nNinoy Aquino International Airport (NAIA) in Manila which results in long walks\nof passengers and long queues of airplanes. <\/p>\n\n\n\n According to a report published in Philippine Daily\u2028Inquirer, \u201cANA\nHoldings\u2019 investment comes as PAL\u2028pursues what it called a \u2018full-scale\nexpansion program.\u2019 This involves increasing its fleet to about 100 aircraft by\n2021 and opening more international destinations for leisure and business\ntravellers as well as those Filipinos working and living overseas. <\/p>\n\n\n\n In Sydney, Business Class passengers of PAL are able to use the Lounge\nof Singapore Airlines located at the mezzanine of Kingsford Smith International\nAirport. <\/p>\n\n\n\n Its most public goal is to become a five-star carrier by 2020. Under PAL\npresident Jaime Bautista, who outlined the airline\u2019s long-term strategy in\n2016, the flag carrier clinched a four-star rating from Skytrax last year. <\/p>\n\n\n\n \u201cWe are honoured and excited that a premier airline group such as ANA\nHoldings has decided to purchase shares in PAL Holdings,\u201d Bautista said. <\/p>\n\n\n\n \u201cThe Philippines and Japan have a long-standing relationship with\ncomplementary strengths. This week, in fact, we commemorate the 70th year of\nPhilippine Airlines\u2019 service to Japan, dating back to the launch of our first\nManila-Tokyo flight on Jan. 26, 1949,\u201d Bautista said. <\/p>\n\n\n\n Lucio\u2019s sons Michael Tan and Lucio Tan Jr. also hold key positions in\nPAL. PAL\u2019s last major investor was conglomerate San Miguel Corp., which\nacquired a 49-percent stake in 2012. <\/p>\n\n\n\n Two years later, Tan decided to buy back full control. The company\u2019s\nsearch for a new foreign partner also started around that period. <\/p>\n","protected":false},"excerpt":{"rendered":" Not a merger but only a minor stake of ANA in the Flag carrier of the Philippines<\/p>\n by Dino Crescini<\/p>\n","protected":false},"author":139,"featured_media":5513,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts\/5508"}],"collection":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/users\/139"}],"replies":[{"embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5508"}],"version-history":[{"count":4,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts\/5508\/revisions"}],"predecessor-version":[{"id":5517,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts\/5508\/revisions\/5517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/media\/5513"}],"wp:attachment":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}