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PHILIPPINE AIRLINES READY TO FILE FOR BANKRUPTCY

... should remind our readers that Chapter 11 restructuring is the so-called “soft” form of bankruptcy, which is therefore called reorganization. It does not imply liquidation of the company, allowing you to restructure debts and continue working. Cirium sources ... ... Boeing airliners to other carriers. On May 16, 2021, the PAL president announced that the company has the largest fleet in the Philippines, but the new liners turned out to be too expensive, which is why the president demanded non-trivial crisis response ...

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

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