Philippines: San Miguel Corp to invest half a billion U.S. in Philippine Airlines
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Philippines: San Miguel Corp to invest half a billion U.S. in Philippine Airlines

Manila : Philippines | Apr 14, 2012 at 1:08 PM PDT
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The Philippine Daily Inquirer reports that San Miguel Corp. a huge conglomerate best known perhaps for its beer will invest at least half a billion U.S. in the main Philippine airline PAL (Philippine Airlines) and the smaller Air Philippines.

San Miguel will have control of management at both air lines. PAL is also known among some critics as Plane Always Late. However, my own experience has been that it is not all that bad!

Plans for renewing the fleet could cost anywhere from half to one billion dollars U.S. No doubt they will need to now serve San Miguel beer and snack foods exclusively! For more see this article. For San Miguel Corp. see here.

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northsunm32 is based in Brandon, Manitoba, Canada, and is an Anchor for Allvoices.
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Posted By dhreff dhreff | about 1 year ago
northsunm32, very interesting news report on San Miguel corporate stakes on Philippines Airline. Rate you up.
Posted By atifji75 atifji75 | about 1 year ago
Nice Presentation. Thanks for Sharing. Rated Up.
Posted By atifji75 atifji75 | about 1 year ago
Thanks for Sharing. Rated Up.
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