Billionaire Lucio Tan’s Philippine Airlines Exits Bankruptcy, Poised To Recover From Pandemic Losses |
| January 03, 2022 | January 2022 Bond Updates |
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Philippine Airlines—controlled by billionaire Lucio Tan—said it has exited from bankruptcy proceedings after a U.S. court approved its restructuring plan to slash debts by more than $2 billion and raise at least $505 million in fresh capital. |
| View more at: https://www.forbes.com/sites/jonathanburgos/2022/01/02/billionaire-lucio-tans-philippine-airlines-exits-bankruptcy-poised-to-recover-from-pandemic-losses/ |
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