Philippine Airlines Emerges from Chapter 11 with $2B in Balance Sheet Reductions
Philippine Airlines emerged from its voluntary Chapter 11 proceedings, completing its financial restructuring within four months. Philippine Airlines’ plan of reorganization provides for more than $2 billion in permanent balance sheet reductions from existing creditors.
January 3, 2022
Angara Abello Concepcion Regala & Cruz | Debevoise & Plimpton | Dr. Lucio C. Tan | Gilbert F. Santa Maria | Lucio C. Tan III | Norton Rose Fulbright | Philippine Airlines | Seabury Securities
Ian Koplin