Philippine Airlines (PAL) has made a significant change in its leadership structure as the flag carrier seeks a new president to run the airline. In a disclosure to the Philippine Stock Exchange, PAL confirmed that chairman Lucio Tan will assume the role of interim president until a permanent president is approved by the airline’s board. Tan is one of the most prominent businessmen in the Philippines who controls the LT Group that owns PAL. PAL announced in June that longtime ...

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