The filing comes after Philippine Airlines spent months negotiating with stakeholders. Photo: Shutterstock The filing comes after Philippine Airlines spent months negotiating with stakeholders. Photo: Shutterstock
The filing comes after Philippine Airlines spent months negotiating with stakeholders. Photo: Shutterstock

Philippine Airlines files for bankruptcy over Covid-19 travel fallout

  • Philippine Airlines is the latest international carrier to reorganise in the US, under American bankruptcy code
  • The flag carrier aims to cut US$2 billion in borrowings through a proposed restructuring plan, allowing it to cut its fleet capacity by 25 per cent

Topic |   Coronavirus pandemic
The filing comes after Philippine Airlines spent months negotiating with stakeholders. Photo: Shutterstock The filing comes after Philippine Airlines spent months negotiating with stakeholders. Photo: Shutterstock
The filing comes after Philippine Airlines spent months negotiating with stakeholders. Photo: Shutterstock
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