PAL bail-out

Manila may back down on promises not to bail out debt-ridden Philippine Airlines, and provide some of the $200 million required to prevent the carrier's liquidation. Half the amount has been pledged by majority shareholder Lucio Tan, who has reportedly approached the state's pension fund for cash.

Keep reading this article by becoming a FlightGlobal member now

PLEASE REGISTER FOR FREE OR SIGN IN TO CONTINUE READING

FlightGlobal Premium Digital

You have reached your limit of free articles for this period. Register for a FREE account to read this article and benefit from:

  • Increased access to online news and in-depth articles from:
  • FlightGlobal Premium covering the global aviation industry
  • Airline Business providing insight for business leaders
  • Weekly newsletters on topics across the industry

Join now