Billionaire Lucio Tan’s Philippine Airlines Wins U.S. Court Approval To Restructure Carrier, Exit Bankruptcy
A plane and a shuttle bus belonging to Philippine Airlines PAL are seen at the Manila Ninoy Aquino … [+] International Airport NAIA terminal 1 in Paranaque City, the Philippines, on February 3, 2021. Rouelle Umali/Xinhua via Getty Philippine Airlines—controlled by billionaire Lucio Tan—has won court approval to restructure, paving the way to revive the …