- The $505 million financing package is being provided by indirect equity owner
Buona Sorte Holdingsand the airline’s direct parent, PAL Holdings
- An unusual clause allows the airline to convert half of the loans to unsecured debt and half to equity once Philippine Airlines exits bankruptcy, according to
- U.S. Bankruptcy Judge
Shelley Chapman, who is based in Manhattan, gave the company interim permission to draw $20 million from ...
Sept. 9, 2021, 5:08 PM