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By Ra_Caylee674 11 May, 2022 Post a Comment

In the previous three years Malaysia Airlines had booked losses of. PAL a holding company responsible for the airlines operationsPAL Holdings is in turn part of a group of companies owned by business tycoon Lucio Tan.

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. Philippine Airlines is owned by PAL Holdings PSE. PAL was the ninth-largest corporation in the Philippines in terms of gross. At the time of Flight 370s disappearance Malaysia Airlines was struggling to cut costs to compete with a wave of new low-cost carriers in the region.

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