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Business deals

ANA prepares for dogfight with JAL in Southeast Asia

Japan's top carrier announces $95m investment in Philippine Airlines

TOKYO -- ANA Holdings says its 9.5% stake in Philippine Airlines' parent company is meant to capture growing demand for air travel between Japan and the Philippines, but the deal announced Tuesday also represents a defensive move as rival Japan Airlines expands rapidly in Southeast Asia.

The intensifying battle between Japan's two leading airlines is starting to pull in other Asian carriers, creating rival camps in the growing Southeast Asian market.

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