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Warning, Philippines Airlines has entered chapter 11


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21 minutes ago, Mike J said:

You cannot "meet all obligations" and at the same time eliminate "US$2 billion permanent balance sheet reductions".  Fancy language that says the primary lenders are taking a HUGE haircut.   

 

 

And will once again end up with "white tails" or spin off into another airline.

 

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5 hours ago, Old55 said:

And will once again end up with "white tails" or spin off into another airline.

 

Many airlines have closed up so all expected. Cant make money with travel restrictions'. 

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22 hours ago, OnMyWay said:

This has been rumored for a while, maybe even here on the forum.  And they owe a lot of people refunds.  People have complained that refunds take forever.  I wonder if these refunds are a large liability on the books that can be swept away.  

We were lucky to get ours April/May 2020.

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