Philippine Airlines (PAL) resumed domestic services in October, but has put plans to restart international flights to Hong Kong, Tokyo, Los Angeles and San Francisco on hold. Requests from potential investors to hold off and so far inconclusive negotiations for the return of two Boeing 747-400s, seized when the airline shut down on 23 September, were given as reasons for the volte face. How permanent the limited restart proves to be will depend on the airline's success in attracting a foreign investor and a rehabilitation plan, to be submitted to the Philippines Securities and Exchange Commission on 21 November. Some $200 million in fresh equity is required.
Source: Airline Business
