PAL poised for recovery as it emerges from US Chapter 11 bankruptcy process
MANILA, Philippines — Philippine Airlines (PAL) has completed a financial restructuring plan that wiped out $2.1 billion in debts, bolstering its bid to recover from losses due to the global health crisis. In a statement late Friday, PAL announced its exit from a voluntary Chapter 11 bankruptcy process in the United States. The emergence, which … Continue reading PAL poised for recovery as it emerges from US Chapter 11 bankruptcy process
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