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PHILIPPINE AIRLINES READY TO FILE FOR BANKRUPTCY

... fleet of 61 aircraft. The organization belongs to the holding of the same name, the main beneficiary of which is the tycoon Lucio Tan. A number of experts believe that one of the ways of restructuring could be the transfer of modern Airbus and 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 measures from a company with an 80-year history.

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