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PAL confident of securing nod for restructuring plan

PAL confident of securing nod for restructuring plan
businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesNilo thaddeusp rodriguezDexterc leeHoldings incPhilippine airlinesPresident gilbertUnited states basedFinancial rehabilitationStrategy officer dexter

PAL bankruptcy filing prompts review of PHL insolvency law

PAL bankruptcy filing prompts review of PHL insolvency law
businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.

United statesJoey sarte salcedaFinancial stability coordination councilHouse committee on waysLower chamberPhilippine airlinesMeans chairman joey sarte salcedaRepublic actFinancial rehabilitationInsolvency actSuper chapterAccelerated recoveryInvestments stimulusDistressed enterprisesEconomic recovery

Philippine Airlines Inc (PAL) Reaches Agreement with Key Stakeholders to Successfully Navigate the COVID-19 Pandemic and Position the Company for Long-Term Growth and Profitability - Press Release

Philippine Airlines Inc (PAL) Reaches Agreement with Key Stakeholders to Successfully Navigate the COVID-19 Pandemic and Position the Company for Long-Term Growth and Profitability - Press Release
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New yorkUnited statesPasay cityDavao cityGreater accraAbello concepcion regala cruzGilbertf santa mariaHoldings incAssociation of airline passengersUs courtCorporate communications departmentWorld most improved airlinePhilippine airlinesStar major airlineStar global airlineFinancial center

Turbulence @PAL

It has been raining cats and dogs for over a week. What we experienced, based on an old folklore is the proverbial “siyam-siyam” or incessant rain for nine days! This prevented most of us from doing our usual chores with our laundry hamper already brimming. A different kind of turbulent weather is haunting the restructuring program of Philippine Airlines (PAL). I heard the flag carrier’s top honcho Gilbert Sta. Maria and PAL independent member of the board Gregorio “Greggy” Yu flew to New York but at the last minute decided to hold off the filling of Chapter11. What gives? Is the decision to defer the filling led to the resignation of Mr. Greggy? As an accomplished banker, Mr. Greggy was given the draconian responsibility of chairing the rehabilitation committee.

New yorkUnited statesPhilippine islandsPhilippines generalGregorio greggy yuMaria ellenaJimmy bautistaEmmanuel josefLucio hunCosco capital corpNickel asia corpAsia united bankUniversity of theExchange commissionChina bankCommunications pbcom

PAL still focused on prearranged Chapter 11 filing

Philippine Airlines did not file for Chapter 11 at the end of May as it had suggested to its lessors, but the carrier is still working towards a prearranged insolvency in the USA, three of its lessors tell Cirium.

United statesSidley austinLucio tanMichael tanNorton rose fulbrightClifford chancePhilippine airlinesHolland knightPhilippine stock exchangeSeabury capitalFinancial rehabilitationInsolvency actNorton roseVivienne tanPhilippine starLucioc tan