MANILA -- Philippine Airlines is poised to seek court protection for its debt restructuring as the pandemic-hit flag carrier fights for survival, Nikkei Asia has learned.
Flag carrier pursuing job cuts, fleet reductions and fresh $505m lifeline
Philippine Airlines, the nation's flag carrier, is fighting for its survival amid the coronavirus pandemic. © Reuters
MANILA -- Philippine Airlines is poised to seek court protection for its debt restructuring as the pandemic-hit flag carrier fights for survival, Nikkei Asia has learned.