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PAL not looking for more strategic investors after ANA deal

February 08, 2019 / FIRDAUS HASHIM

Philippine Airlines will not seek out any more strategic investors to take up stakes in the carrier after it sealed a deal for All Nippon Airways parent company ANA Holdings to take a 9.5% stake.Speaking to FlightGlobal in Tokyo, PAL president and chief operating officer Jaime Bautista says that it will now look into securing more financial backing.We can get some other financial investors by buying shares on the stock market. But as far as strategic investor is concerned, we are happy that ANA is now part of our corporate structure,he says at the formal signing ceremony, held on 8 February.