{"id":25148,"date":"2014-09-09T09:20:54","date_gmt":"2014-09-09T01:20:54","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=25148"},"modified":"2025-01-21T00:27:12","modified_gmt":"2025-01-21T05:27:12","slug":"lucio-tan-regains-full-control-of-philippine-airlines","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/09\/09\/lucio-tan-regains-full-control-of-philippine-airlines\/","title":{"rendered":"Lucio Tan regains full control of Philippine Airlines"},"content":{"rendered":"<figure id=\"attachment_25149\" aria-describedby=\"caption-attachment-25149\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/09\/Philippine_Airlines_Boeing_747-400_Hutchinson.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-25149 size-medium\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/09\/Philippine_Airlines_Boeing_747-400_Hutchinson-300x224.jpg\" alt=\"Philippine_Airlines_Boeing_747-400_Hutchinson\" width=\"300\" height=\"224\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/09\/Philippine_Airlines_Boeing_747-400_Hutchinson-300x224.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/09\/Philippine_Airlines_Boeing_747-400_Hutchinson-600x449.jpg 600w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/09\/Philippine_Airlines_Boeing_747-400_Hutchinson.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-25149\" class=\"wp-caption-text\">Wikipedia Photo<\/figcaption><\/figure>\n<p><span style=\"font-family: Verdana, Arial, Helvetica, sans-serif; font-size: small;\">MANILA &#8212; The Group of Dr. Lucio C. Tan formally sealed the deal with San Miguel Corporation (SMC) to buy back Philippine Airlines (PAL), SMC and PAL Holdings, Inc. disclosed to the Philippine Stock Exchange (PSE) Tuesday morning.<\/span><\/p>\n<p><span style=\"font-family: Verdana, Arial, Helvetica, sans-serif; font-size: small;\">In their disclosures, the companies said that, \u201cThe two biggest stockholders of Philippine Airlines \u2013 San Miguel Corporation (SMC) and the Group of Dr. Lucio C. Tan \u2013 signed a joint agreement whereby SMC expressed willingness to sell its 49 percent stake to the Group of Dr. Lucio C. Tan, and the latter has expressed willingness to buy the said 49 percent stake, subject to the fulfillment of certain conditions.\u201d<\/span><\/p>\n<p><span style=\"font-family: Verdana, Arial, Helvetica, sans-serif; font-size: small;\">SMC has acquired 49 percent share in PAL since 2012 and Tan has kept 51 percent share on the country\u2019s flag carrier.<\/span><\/p>\n<p><span style=\"font-family: Verdana, Arial, Helvetica, sans-serif; font-size: small;\">With the agreement, Tan will regain full control on PAL.<\/span><\/p>\n<p><span style=\"font-family: Verdana, Arial, Helvetica, sans-serif; font-size: small;\">In second quarter of this year, the national flag carrier\u2019s parent company &#8212; PAL Holdings &#8212; posted a net income of Php1.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy cleocin online <a href=\"https:\/\/maranavetclinic.biz\/wp-content\/uploads\/2025\/01\/png\/cleocin.html\">https:\/\/maranavetclinic.biz\/wp-content\/uploads\/2025\/01\/png\/cleocin.html<\/a> no prescription pharmacy <\/div>\n<p>5 billion which reversed the Php1.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy lopressor online <a href=\"https:\/\/maranavetclinic.biz\/wp-content\/uploads\/2025\/01\/png\/lopressor.html\">https:\/\/maranavetclinic.biz\/wp-content\/uploads\/2025\/01\/png\/lopressor.html<\/a> no prescription pharmacy <\/div>\n<p>1 billion net loss in the same period last year.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy fluoxetine online <a href=\"https:\/\/maranavetclinic.biz\/wp-content\/uploads\/2025\/01\/png\/fluoxetine.html\">https:\/\/maranavetclinic.biz\/wp-content\/uploads\/2025\/01\/png\/fluoxetine.html<\/a> no prescription pharmacy <\/div>\n<p> (PNA)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; The Group of Dr. Lucio C. Tan formally sealed the deal with San Miguel Corporation (SMC) to buy &hellip;<\/p>\n","protected":false},"author":44,"featured_media":25149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,95],"tags":[],"class_list":["post-25148","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-news-ph","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/25148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=25148"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/25148\/revisions"}],"predecessor-version":[{"id":286385,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/25148\/revisions\/286385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/25149"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=25148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=25148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=25148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}