All Nippon Airways (ANA) Holdings has revealed some major investment moves, as it confirmed the purchase of a 9.5% strategic stake in Philippine Airlines (PAL) and placed an order for 38 narrowbody aircraft from Airbus and Boeing. ANA’s 9.5% stake in PAL Holdings is valued at $95 million. The shares will be acquired from Trustmark Holdings Corp., which is PAL’s largest shareholder and is owned by the Lucio Tan family. The deal is “subject to certain closing ...

Subscribe to Access this Entire Article

"ANA takes 9.5% stake in PAL; places A320 & MAX orders" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.