Labor Union
''The flights to Europe might be able to return it to profit,'' Harry Liu, president of Summit Securities in Manila, said by phone. ''A Philippine Airlines under San Miguel might be able to deal with its labor union in ways that Tan wasn't able to.''
Philippine Airlines, majority owned by Tan through PAL Holdings Inc., was in talks for 35 wide-body Airbus or Boeing jets after signing a purchase agreement for 10 A330s, Ang said Oct. 20.
San Miguel on July 8 said it has held talks with ANA Holdings Inc. about investing in the flag carrier, without elaborating.
There is a ''very good understanding'' with a potential investor, Ang said yesterday, declining to provide further details or identify the suitor..
Ang, a flying enthusiast, said he will probably sell all but one of the aircraft he owns. ''Why would I need them? We have to patronize PAL.''
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