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Philippine Airlines said Saturday it was filing for bankruptcy in the United States to slash $2 billion in debt as it tries to survive an industry gutted by the coronavirus pandemic. The national carrier of the Philippines said the filing will allow it to restructure contracts and cut debt by at least $2 billion while getting $655 million in fresh capital when it emerges from the Chapter 11 process. PAL will also downsize its fleet […]
MONTREAL, Canada (AFP)–North Korea has asked the International Civil Aviation Organization (ICAO) for permission to open an air corridor to South Korea, the UN agency said Friday. The proposal to establish a new “air traffic services” corridor between Pyongyang and the South Korean city of Incheon, near Seoul, was submitted to the ICAO’s regional offices in Bangkok, Thailand in February, the agency said in an email to AFP. The ICAO, which is headquartered in Montreal, said it […]
