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Home News Item Xinhua Asia-Pacific news summary at 1600 GMT, Sept. 4
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Xinhua Asia-Pacific news summary at 1600 GMT, Sept. 4

september 04, 2021by Reacties uitgeschakeld voor Xinhua Asia-Pacific news summary at 1600 GMT, Sept. 4

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MANILA — The Philippine Airlines (PAL) has filed for Chapter 11 bankruptcy in the United States to pursue a restructuring plan to keep the company afloat amid the COVID-19 pandemic, the airline said on Saturday.

The airline said the move is “to allow the company to successfully restructure and reorganize its finances to navigate the COVID-19 crisis and emerge as a leaner and better-capitalized airline.” (Philip

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