MANILA (Philippine Daily Inquirer/ANN): Tycoon Lucio Tan poured in at least P15.2 billion (US$300mil) into Philippine Airlines, making it safe from immediate bankruptcy, according to PAL president Gilbert Santa Maria.
Santa Maria told the ABS-CBN News Channel (ANC) on Thursday (May 21) that one-third of the capital infusion, or about P5 billion, was deployed this year to keep the airline afloat during the Covid-19 pandemic, which has grounded air travel.
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