Tycoon Lucio Tan Poised To Inject Fresh Capital Into Cash-Strapped Philippine Airlines

Billionaire Lucio Tan is poised to inject fresh capital into cash-strapped Philippine Airlines after PAL parent PAL Holdings this week approved the increase in its authorized capital to 30 billion pesos ($586 million) from 13.5 billion pesos.
Billionaire Lucio Tan is poised to inject fresh capital into cash-strapped Philippine Airlines after PAL parent PAL Holdings this week approved the increase in its authorized capital to 30 billion pesos ($586 million) from 13.5 billion pesos.