(Eagle News) — The Palace on Friday welcomed Philippine Airlines’ settlement of its P6 billion in unpaid dues.
Presidential Spokesperson Harry Roque said in a statement that the paid amount which represents debt incurred by PAL from the 1970s to July 2017 will be used for the government’s “priority programs.”
“The conclusion of this long-standing issue under the Duterte administration underscores our strong commitment to decisively act on matters that would greatly benefit the nation’s best interest,” he said.
Earlier, President Rodrigo Duterte threatened to shut down the Ninoy Aquino International Airport Terminal 2 where PAL planes usually land if PAL does not pay its arrears.