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MacroAsia recovers with P461.43-million net income in 2022

The Lucio Tan-led holdings company, whose businesses revolve mostly around the aviation industry, sees a 151% jump in consolidated revenue as revenge travel picks up ....

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Lucio Tan's grandson appointed as PAL Holdings vice president


BusinessWorld
May 28, 2021 | 12:06 am
PAL Holdings, Inc. said Thursday that its board of directors has approved the appointment of Lucio C. Tan III, grandson of Chairman Lucio C. Tan, as vice-president of the company.
“Please be advised that at the meeting of the board of directors held on May 26, 2021, the board approved the appointment of Mr. Lucio C. Tan III as vice-president of PAL Holdings, Inc.,” the listed operator of the Philippine Airlines said in a disclosure to the stock exchange.
The appointment of the chairman’s grandson and son of the late Lucio “Bong” K. Tan, Jr. comes amid reports of bankruptcy protection plans. ....

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