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Philippine Airlines has said it has emerged from bankruptcy after a US court approved its plan to slash up to $2 billion in debt and obtain additional capital. The national carrier of the Philippines had filed for bankruptcy in the United States in September, seeking relief from creditors as it tried to survive the devastation unleashed on the airline industry by the coronavirus pandemic. Its court-approved reorganisation plan includes a $2 billion debt reduction and […]
President/COO of Philippine Airlines Gilbert Santa Maria discusses the backgound and prospects of PAL’s recovery plan as the airline navigates through the aviation business during a pandemic.
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 […]
(Eagle News) — The Philippine Airlines on Wednesday, June 30, cancelled its flights between Manila and Riyadh, Saudi Arabia following travel restrictions. In an advisory, PAL said the PR5654 Manila to Riyadh flight and the PR/5655 Riyadh to Manila flight, both scheduled on Wednesday, would no longer push through due to the “government order restricting operations to/from Riyadh airport on said date.” “We apologize for the inconvenience, as we had to cancel the flight at […]
MANILA, Philippines (AFP) — Philippine Airlines will cut around a third of its workforce by the end of this year as part of an overhaul triggered by crippling coronavirus travel restrictions. The pandemic has devastated the global aviation industry, forcing airlines to seek government bailouts, furlough workers and slash jobs. “The collapse in travel demand and persistent travel restrictions on most global and domestic routes have made retrenchment inevitable,” the airline said Monday, announcing […]
(Eagle News)–Philippine Airlines on Wednesday, June 10, released its list of operational flights for the month. In an advisory, PAL noted that these were planned flights, and were “highly subject to change for reasons beyond our control,” such as the entry restrictions and requirements set by local government units for domestic travel, which change day to day; COVID-19 testing and quarantine limitations set by the government; and international travel restrictions: INTERNATIONAL – (June 10 to […]
(Eagle News)–The Philippine Airlines has canceled its flights until May 15. In an advisory, PAL said the cancelation that applies to both domestic and international flights was in light of the extension of the enhanced community quarantine in selected areas to May 15. “We intend to resume flying by May 16, 2020, if allowed by government authorities, global public health conditions and the travel environment,” PAL said. PAL said it would announce the list of […]
(Eagle News)–Philippine Airlines has cancelled all its domestic and international flights until April 30. According to PAL, the cancellation was due to the extended enhanced community quarantine announced by the government on Monday, April 6. “We plan to resume flying by May 1, if the situation allows,” PAL said. Affected passengers may make conversions to their travel vouchers, rebook or reroute or refund. Processing of the requests of those affected due to the cancellation of […]
(Eagle News)–Philippine Airlines has announced the resumption of its flights between Manila and Taipei starting Feb. 21. PAL said the following flights, PR890/891 Manila-Taipei-Manila, are resuming every Monday, Wednesday, Friday and Sunday (February 21 to February 29). PAL said the flights will become daily starting March 1. PR890 will depart Manila at 6:05 a.m. and arrive in Taipei at 8:30 a.m. PR891 will depart Taipei at 9:30 a.m. and arrive in Manila at 11:40 a.m. […]
(Eagle News) — The Philippine Airlines is mounting special flights to ferry passengers who were stranded as a result of the cancellation of PAL flights to and from mainland China for the month of February. In a statement, PAL said the special flights, which will be mounted on Feb. 10, Monday, will serve the Manila-Xiamen and Xiamen-Manila routes. PR 335 will leave Xiamen at 11:05 a.m. and will arrive in Manila at 1:50 p.m. on […]
(Eagle News)–Philippine Airlines has released a list of its cancelled flights following its announcement it would reduce its flights between the Philippines and mainland China by more than 50 percent. The list includes cancelled flights between the Philippines, and Hong Kong and Macau. According to PAL, if passengers are “protected on,” it means they will be accommodated in other flights provided the rebooking is done within a specific period. The following flights are cancelled: February […]
(Eagle News) — Three airlines have committed to help in the repatriation of Overseas Filipino Workers from the Middle East, the Civil Aviation Authority of the Philippines said on Friday, Jan. 10. In a statement, CAAP director general Jim Sydiongco said Cebu Pacific and Philippine Airlines have agreed to accommodate free of charge stranded Filipinos in the United Arab Emirates “or in any of its available Middle East flights, once the plans for the repatriation […]
