Philippine Airlines Inc. won approval Thursday from a New York bankruptcy judge to access financing for its chapter 11 proceedings, the first step in an effort to relieve the national carrier of ...

Philippine Airlines (PAL) is working towards “a comprehensive restructuring plan”, as the embattled carrier widened its full-year losses on what it called the “extraordinary impact” of the ...

* Says aircraft are scheduled for delivery to the Philippine flag carrier in December 2017 Source text for Eikon: Further company coverage: Sign up here. Our Standards: The Thomson Reuters Trust ...

Philippine Airlines filed for bankruptcy in New York, hammered by prolonged travel restrictions and a decline in tourism to the airline’s home country due to the Covid-19 pandemic.

Philippine Airlines—controlled by billionaire Lucio Tan—said it has exited from bankruptcy proceedings after a U.S. court approved its restructuring plan to slash debts by more than $2 billion ...

The parent company of Philippine Airlines' (PHL.UL) booked a record 73 billion pesos ($1.51 billion) loss in 2020, up seven fold from a year earlier, after the COVID-19 pandemic lashed the global ...