Japan's biggest airline ANA buys 9.5% of PAL shares

RAPPLER

MANILA, Philippines – The parent firm of Japan's biggest airline All Nippon Airways (ANA) acquired a minority stake in flag carrier Philippine Airlines (PAL) , ending PAL's search for a foreign investor.

In a joint statement on Tuesday, January 29, the firms said that ANA Holdings bought 9.5% of shares and ... via PK