PAL restructuring won’t affect passengers and staff

  MANILA – Philippine Airlines (PAL) said passengers and employees will not be affected after it filed for bankruptcy protection in the US to implement a restructuring plan. "PAL will continue to operate flights in the normal course of business in accordance with safety regulations, and the company expects to continue to meet its current financial obligations throughout this process to employees, customers, the government, and its lessors, lenders, suppliers, and other creditors," according to a Philippine Airlines statement. The airline on Friday (September 4 in UAE) filed for restructuring under the US Chapter 11 process in New York, allowing it to stay in business and restructure its debts. Philippine Airlines said it has also made a parallel filing for recognition in the Philippines under the Financial Insolvency and Rehabilitation Act of 2010. As PAL expects court approval of its plea, it plans to gradually increase flight frequencies in key regional and long-haul flights, as well as expand its networks from Manila and Cebu. Passengers' valid tickets and vouchers, "Mabuhay miles" and benefits will still be honored, according to Philippine Airlines. Passenger and cargo flights will continue to operate, subject to demand and travel restrictions, as well as cargo flights for vaccines and medical supplies, and special repatriation flights. CAM/Expat Media
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