Philippine Airlines To Restructure, Awaits $500M Injection

Philippine Airlines aircraft parked at Manila's Ninoy Aquino International in 2020.
Credit: STR / AFP / Getty Images
Philippine Airlines (PAL) has confirmed that it is nearing a restructuring to ensure the airline’s survival as it posted a record annual net loss of PHP73 billion ($1.5 billion) for fiscal 2020. Auditors have flagged concerns over the flag-carrier’s ability to continue because of its mounting...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for the Aviation Week Network’s (AWN) Air Transport World (ATW) and the Asia-Pacific Defense Correspondent for AWN, joining the team in 2017.

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