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Right on schedule, within four months, Philippine Airlines Inc. (PAL) exited from its voluntary Chapter 11 bankruptcy proceedings to take $2.1 billion debts off its balance sheet, the flag carrier announced on New Year's eve ( Dec. 31, 2021).
While other airlines usually...
Philippine Airlines Inc. (PAL) has filed for bankruptcy in the US and will do a parallel filing in the Philippines as part of its restructuring plan to slash over $2.0 billion off its debts, the flag carrier this morning (September 4) announced. PAL's major stockholders, along with "substantially...
