Re: PAL's Woes

Posted by swahi on
URL: http://philippine-aviation-forum.259.s1.nabble.com/Airlines-in-the-Philippines-tp2p330.html

LT's offer should be laughed at.  SMC wants to be reimbursed at cost, LT's offer is telling SMC/RSA to sell at a loss, when the airline is going to finally make a decent profit? Plus the fact that it seems LT has the greater desire to take over than for RSA's desire to get out.