photos >> 2012 >> 04 >> 04
Asia  Manila  Philippines  Southeast Asia  San Miguel  Philippine Airlines Inc.  San Miguel Corporation  Air Travel  Transportation  Air Transportation  Airlines  Industrials Sector  Industries  Passenger Air Transportation  Passenger Transportation  Transportation and Logistics Sector 
enlarge
Philippine Airlines has signed a deal giving San Miguel Corp. a minority stake
Ted Aljibe
Philippine airlines planes are seen on the tarmac of the international airport in Manila in February 2012. San Miguel said Wednesday it had bought a 49-percent stake in loss-making Philippine Airlines for $500 million as part of a strategy to move away from its beer and food businesses.