ANA takes board seat at PAL, eye stronger co-operation

ANA Holdings will take a seat on the board of Philippine Airlines’ parent company PAL Holdings after taking a 9.5% stake in the company, while the two airlines will form a steering committee to pursue areas of further collaboration. The committee will meet every six months to evaluate new developments and areas of partnership, and is expected to focus on areas of joint marketing, and expansion opportunities in the Philippines market.ANA Holdings president and chief executive Shinya Katanozaka adds however that the finer details will be up to that committee to decide.