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PHILIPPINE AIRLINES READY TO FILE FOR BANKRUPTCY

According to local media reports, Philippine Airlines Inc. Company (PAL) has begun negotiations with creditors on restructuring and plans to file a bankruptcy petition ... ... years indicate that the carrier has $ 5 billion in liabilities to creditors. Before the pandemic, the tourism industry in the Philippines contributed about 13% of country’s GDP. It employed about 13.5% of the workforce. After COVID-19 erupted in the country,...

Modified: 05.18.2021
bankruptcy , Philippines , Philippine Airlines , airline , corporate bankruptcy , reorganization
Path: РусБанкрот - СМИ
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