According to a report from the Nikkei Asian Review, Japan’s All Nippon Airways (ANA) has been in talks to purchase a stake in Manila-based Philippine Airlines.

The report stated that ANA Holdings would acquire a 10% stake in the Philippine flag carrier, which has seen its standing the global airline scene improve after it gained a 4-star rating from aviation industry rating group Skytrax. The deal has been reported to be valued at around JPY 10 Billion (USD $91 million).

Should a deal be signed, it would further relations between both carriers. Philippine Airlines and ANA currently have code-share flights between the Philippines and Japan.



No deal has been signed or officially announced, and while speculation has been ongoing the carrier stated "PAL has always been open to the possibility of a strategic investor. As of date, there is no definite agreement between PAL and any investor.” A spokesperson for ANA did address ongoing discussions between both carriers, quoted in a Reuters report stating: “We are in discussion with PAL Holdings but we have not made a concrete decision yet.”

With a stake in Philippine Airlines, ANA would have another share in the growing aviation markets in Southeast Asia. It currently has an 8.8% stake in Vietnam Airlines.

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