ANA to buy into Philippine Airlines

 

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Japanese carrier All Nippon Airways has started negotiations with Philippine Airlines to make a strategic investment in the airline, the scale of which is yet to be determined.

Its likely the investment will be significant, as much as 10%, and assist Philippine Airlines in its ambitious expansion plans, with capital to buy more new aircraft and route and service links into Japan that could greatly increase its international connectivity, even beyond the current code shares.

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