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Philippine Airlines files for bankruptcy protection in US

... to complete the restructuring on its own. 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 infection. The head of the carrier,... ... 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 ...

UK TOUR OPERATORS FACE WAVE OF BANKRUPTCIES

... encouraged to contact the dedicated website alphaholidays.traveltrust.co.uk with requests for financial reimbursement by filing in an application form. According to the portal tourprom.ru, the losses of the two tour operators are not the only ones in the UK tourism market. Earlier, the British firm Cheap Cost Holidays has announced the termination of its activities. The firm has been selling cheap tours under various brands since 2015. Experts note that the similar processes in the outbound tourism market ...

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