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Philippine Airlines Inc. has been in talks with its aircraft lessors about reducing its fleet size and returning some planes as part of a restructuring process, President Gilbert Santa Maria said in an interview with CNN Philippines.
Philippine Airlines Inc. is in talks with plane lessors about reducing its fleet size and has told them it’s considering a Chapter 11 filing in the U.S. to carry out a restructuring, according to people familiar with the plan.
Philippines: Officials confident arrivals of vaccines will control current wave; 11,378 new Covid-19 cases, total surpasses 876,000
The Philippines' Department of Health (DOH) reported on Monday 11,378 new Covid-19 infections, bringing the total number of confirmed cases in the South-East Asian country to 876,225.
The Philippines on Sunday night (April 11) received the second batch of Sinovac Biotech's CoronaVac vaccines purchased from China.
MANILA (Philippine Daily Inquirer/ANN): The total liabilities of Philippine Airlines (PAL)—including its outstanding obligations to foreign aircraft suppliers — stand at almost US$5 billion, making its proposed debt restructuring plan the largest in the country’s history.
PEARL Ann Chua-Razon, 30, who worked as cabin crew for Philippine Airlines Express for over eight years, was made redundant in March as Covid-19 grounded air travel around the world.
MANILA: The government will not take over the operations of domestic airlines skidding due to the global tourism slump amid the Covid-19 pandemic, Finance Secretary Carlos G. Dominguez III said.
MANILA, Oct 5 (Reuters): Philippine Airlines Inc (PAL) said on Monday it is cutting up to a third of its workforce, or around 2,700 jobs, as the aviation sector continues to suffer from pandemic-driven travel curbs.
MANILA: Philippine Airlines Inc said it has received refund requests totalling 15.9 billion pesos (US$329mil) amid the coronavirus pandemic, seeking customers’ understanding as it has only paid back 80% of that amount.