Air Transport World

CATHAY'S NEW PAL?(Brief Article)

Cathay Pacific Airways will be a part owner of Philippine Airlines if a tentative agreement with PAL and the airline's "rehabilitation receiver" is consummated, as is expected over the next few weeks. Cathay is believed to be considering up to a 40% stake in the bankrupt airline and is seeking passive investment partners.

Reportedly, Cathay's investment could total $100 million. …

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