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06/04/2025
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1985 American William Schroeder became the first person to be d|
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1985 American William Schroeder became the first person to be d|
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Philippine Airlines files for bankruptcy protection in US
The creditors have agreed to ‘forgive’ a $ 2 billion (100 billion Philippine francs) debt to the only airline in the Philippines having an IOSA certificate. PAL's chief financial officer, Nilo Thaddeus Rodriguez, said the company ... ... management, is due to the fact that a 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 will be reduced by $ 2 billion, and ...
Modified: 09.07.2021Philippine Airlines , bankruptcy , company bankruptcy , USA , airline , tourism , coronacrisis
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