MANILA, PhilippinesTaipan Lucio Tans Philippine Airlines (PAL) announced its commitment to continue operationsincluding transporting vaccines and stranded Filipinosamid a looming restructuring plan meant to ensure its survival during the global health catastrophe.
Our flights and operations will not be affected in any restructuring, PAL said in a statement on Tuesday (May 11).
We continue to increase our international and domestic flights as the market recovers with easing of travel restrictions, the flag carrier added.
PAL, which counts Japans ANA Holdings as a minority shareholder, has yet to disclose details on its restructuring plan.
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But sources had previously said this will include a Chapter 1…
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