Tag page - PAL CHAPTER 11

PSX_20211129_155403 New York's Bankruptcy Court has approved Philippine Airlines, Inc. (PAL)'s reorganization plan, the flag carrier announced. “Today’s court approval represents a critical moment in our journey to emerge as a stronger airline," Gilbert F. Santa Maria, PAL president & chief...

The US court has approved Philippine Airlines Inc. (PAL) access to its $505 million debtor-in-possession (DIP) financing, a core feature of the flag carrier’s restructuring plan. Philippine-Airlines-NAIA-Slider “This important step confirms our recovery process is on track as we continue to...

Philippine Airlines Inc. (PAL) today (September 10, 2021) announced that the United States Chapter 11 court approved all “First Day” motions on an interim or final basis for its voluntary restructuring, following petitions filed on September 3, 2021. pal-aircraft_316x210px This is the initial...