Who wants PAL? Not Lufthansa

Lucio Tan says he is in talks to sell part of Philippine Airlines to Lufthansa. An unlikely story, which has subsequently been denied by the German carrier.
April 24, 2000

Lucio Tan claims to be in talks to sell part of his controlling stake in debt-ridden Philippine Airlines (PAL) to Lufthansa, though these would appear to be fairly one-sided at present.

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