These times the regional press is entire of PAL stories. Is PAL (Philippine Airways) for sale or not for sale?
A couple days in the past, Philippines broadcaster (in American palms) announced: Lucio Tan confirms PAL for sale.
Right now, Joey de Guzman, PAL’s vice president for company communications said that the pronouncements produced by PAL chair Lucio Tan that the airline enterprise is for sale “at the appropriate cost” ought to not be taken at its confront benefit.
Lucio Tan, chairman and chief executive officer of PAL, acknowledged he was speaking to the best executives of conglomerate San Miguel Corp. and Philippine Extended Distance Phone Co. (PLDT) for the possible sale of the having difficulties flagship carrier. “Both are my good friends,” Tan mentioned in an job interview with reporters on Friday, during the once-a-year reception of the Bangko Sentral ng Pilipinas for the banking local community.
Peculiar! The Philippine’s airways hope at this extremely moment that the FAA audit on CAAP will be Alright. If of course, then the all over the world marketplaces would once again be open to them. And just at this second rumors go to press that just one of the top airways is for sale. Is there somewhere unpublished insider information and facts? The stock trade will communicate a crystal clear language Monday early morning or subsequent month maybe, when the FAA audit report will be published.
Or is it the settlement of the NAIA-3 dispute that tends to make thin Mr. Tan that Cebu Pacific Air will outperform PAL and the shares could tumble?