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No more PAL Stock Exchange listing due to excessive losses
Manila, Philippines
Predicted losses of USD36.36 million have forced Philippine Airlines to abandon plans for a stock exchange listing. Under Philippine Stock Exchange rules, companies cannot list shares until they can show profits in three consecutive years. PAL was on track, with two profitable years, until its finances plunged in the aftermath of the September 11 terrorist attacks in the US and the world economic...
AVIONEWS - World Aeronautical Press Agency - 28135
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency