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Philippine Airlines files for bankruptcy protection in US

.... At the same time, the results of its holding will depend on how quickly the world tourism business begins to recover. Many countries are still closed due to the coronavirus... ... held negotiations with Airbus. The parties agreed that the delivery of 13 narrow-body airliners will be postponed to a later date, and some of the orders may be canceled... ... significant part of the company's creditors are US residents and the use of the appropriate bankruptcy procedures will be more convenient. The restructuring plan assumes that expenses...

THAI AIRWAYS LAYS OFF EMPLOYEES TO AVOID BANKRUPTCY

Thai Airways, Thailand's national carrier, filed for bankruptcy in May last year. The procedure provides for protection from creditors and ... ... proceedings similar to that provided for by the US law. Since the use of wide-body airliners has lost its relevance in the face of a reduction in tourist flow, and many... ... company employs about 21 thousand people and continues to be an important link in the tourism industry of Thailand.

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