PAL tapos na sa proseso ng Chapter 11 bankruptcy  

PAL tapos na sa proseso ng Chapter 11 bankruptcy  

January 1, 2022 @ 2:45 PM 8 months ago

Manila, Philippines – Nakatapos na ang flag carrier Philippine Airlines (PAL) sa voluntary debt reorganization process.

Sa anunsyo ng PAL, nakaraos na sila sa Chapter 11 bankruptcy proceedings.

Sa Chapter 11 bankruptcy filing, pinapayagan ang negosyo na magpatuloy sila sa operasyon habang nagbabayad ng utang.

Maaalalalang Setyembre 2021 nang ihain nila ang petisyon sa ilalim ng US Chapter 11 process.

 “Philippine Airlines stands ready to help grow back the Philippines’ local and international air travel markets in ways that renew the tourism industry, serve the needs of global citizens including overseas Filipinos, and contribute actively to the recovery of the Philippine economy,” ayon kay PAL director Lucio Tan III.

“Our mission as the flag carrier matters more than ever, and we are thankful for the chance to rebound from the pandemic and continue to fulfill this mission as best as we can.”

“This is a celebratory moment for PAL, for all our partners and stakeholders, and for our personnel who sacrificed much while working successfully to keep the airline flying,” lahad naman ni Gilbert Santa Maria, PAL president at chief operating officer. RNT/FGDC