Thursday, February 9, 2012

First Pacific already purchased Philippine Airlines?


First Pacific is said to have bought the country's flag carrier Philippine Airlines. In an online news dated February 8, 2012, Hongkong based conglomerate First Pacific Ltd. thru CEO Manny V. Pangilinan is said to have paid US700 million.

Is there any truth to this?

Here's the screenshot from Indonesia online news site tempointeractive:



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