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Philippine Airlines sees profit after Lucio Tan's return, seeks investor

Philippine Airlines' profitability has improved in the four months since Mr Tan regained management of the company, according to Mr Bautista (above).


PHILIPPINE Airlines Inc posted a "small" profit last year after billionaire Lucio Tan regained full control of Asia's oldest carrier, with lower oil prices and new planes helping to boost its passenger count, president Jaime Bautista said. Shares rose.

Mr Tan "has invested