Philippine Airlines (PR, Manila Ninoy Aquino Int'l) has made a filing with the Philippine Stock Exchange, confirming that it is still in ongoing talks with a foreign strategic investor and that those discussions may carry on to next year.
"The amount of percentage of investment has not been agreed upon and the completion of the transaction is likewise not determined at this time," the statement says.
As previously reported, Philippine Airlines is looking for a strategic partner to take up to 40% of the airline. COO Jaime Bautista told reporters this week that, at a minimum, he is looking for an investor to take 10%.
"It should at least be 10 percent. Not lower. If it's too small, it would not be worth it anymore," Bautista said, as reported in The Philippine Star. "Discussions continue. It may happen this year or next year."
In February this year, Bautista said that he expected the process to take time as it was a complicated investment. Currently, the company is owned 89.8% by Lucio Tan, who is also the airline's CEO and Chairman.
In another statement, the airline also confirmed that it is setting aside USD2 billion for its fleet expansion program, namely for the acquisition of twelve Dash 8-400, two B777-300(ER)s and six A350-900s by 2019.
ch aviation
Photo:Duncan Stewart - LAX
Sem comentários:
Enviar um comentário
Nota: só um membro deste blogue pode publicar um comentário.