Philippine Airlines plans to raise USD500 million – TravelMole true

[bsa_pro_ad_space id=26]

Philippine Airlines plans to raise USD500 million

Friday, 14 Jun, 2021 0

Philippine Airlines hopes to raise $505 million through loans and a convertible bond issue. A t the same time it is continuing discussions with lessors over restructuring plans.

The flag carrier plans to return some planes to lessors as it mulls a possible filing for Chapter 11 bankruptcy. It has lease agreements for 49 aircraft.

Despite its perilous financial situation, PAL’s flights operations will continue as normal, it said.


Read full story


Related News Stories :   Messaging app Line to open Bangkok digital theme park     Internet and no-frills airlines top the agenda     FCO advice is ‘frozen in time’     New non-stop flights to St Petersburg     British woman’s body found after yacht hit by hurricane     Regent Seven Seas appoints new head of sales  


TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

Most Read

Ras Al Khaimah’s Tourism Triumph: A Conversation with Lyad Rasbey, RAKTDA Vice President

Turks and Caicos Tourism Resilience: A Collaborative Approach

Marriott International’s Antoinette Van den Berg Highlights Diverse Portfolio and Optimistic Outlook

Exploring Chile’s Sustainable and Adventurous Charms with Cristóbal Benítez

Sabah’s Deputy Minister of Tourism Advocates Sustainable and Inclusive Tourism

Tad Pierson

Media Getaway 2024 Unveiled: A Conversation with Howard Salinger of the Travel Connection Group

Ajman’s Sustainable Initiatives and Unique Experiences: A Conversation with Hind Sultan Al Marzooqi

Cruise Saudi’s Ambitious Voyage: A Conversation with Mashoor Baeshen

Air Transat’s Sonia Kurek Unveils Growth and Sustainability Initiatives in Exclusive Interview

Capturing the Magic of Sable Island: Geordie Mott’s Picture Perfect Tours

Exploring Blue Diamond Resorts with Alejandro Rodriguez del Peon

Our emails to you has bounced Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari