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Philippine Airlines gets the approval of US Bankruptcy Court in New York to access the first $20 million of its $505-million debtor-in-possession financing.

@rapplerdotcom

7:07 AM · Sep 10, 2021TweetDeck

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@reyaika

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@rapplerdotcom

PAL president and COO Gilbert Santa Maria: This is a significant step in our recovery plan and supports our ongoing operations to continue serving our valued customers and connecting the Philippines with the world.

Aika Rey

@reyaika

Sep 10, 2021

Santa Maria: The combination of our substantial creditor support and the Court’s approvals enables us to progress toward an expedited emergence and full recovery.

Aika Rey

@reyaika

Sep 10, 2021

Santa Maria: As travel demand increases and restrictions ease, we continue to increase domestic and international flights, while maintaining the safety and health of our passengers and employees