PAL rehabilitation
Philippines President Joseph Estrada has given long-time friend and political backer, Lucio Tan, until the end of the month to raise $200 million to save the carrier. The carrier owes $2.2 billion to 9,000 creditors. The ultimatum came as more creditors expressed disenchantment with Tan, who owns 70...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.