Billionaire Lucio Tan’s Philippine Airlines Files For Bankruptcy In U.S. Amid Pandemic-Induced Losses |
| September 04, 2021 | September 2021 Bond Updates |
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Under the plan, PAL will raise $505 million in long-term equity and debt financing from its majority shareholder and an additional $150 million debts from new investors. |
| View more at: https://www.forbes.com/sites/jonathanburgos/2021/09/04/billionaire-lucio-tans-philippine-airlines-files-for-bankruptcy-in-us-amid-pandemic-induced-losses/ |
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