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Philippine Airlines files for bankruptcy protection in US

Pandemic-hit flag carrier eyes raising over $600m from new and existing investors

Philippine Airlines has filed for protection from creditors as it struggles to survive the turmoil of the coronavirus pandemic.    © Getty Images

MANILA -- Philippine Airlines on Saturday said it filed for bankruptcy protection in the U.S., paving the way for a crucial restructuring to help the flag carrier survive the COVID-19 crisis.

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