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Billionaire Lucio Tan Provides Bridging Loan To Philippine Airlines Amid Mounting Losses – Forbes

Lucio Tan has extended a bridging loan to the country’s flag carrier as it sinks deeper into the red, with a record net loss of $1.5 billion for full-year 2020.

  1. Billionaire Lucio Tan Provides Bridging Loan To Philippine Airlines Amid Mounting LossesForbes
  2. PAL operator incurs P73 billion loss in 2020, airline to undergo restructuringABS-CBN News
  3. PAL losses swelled to P71.8B in 2020INQUIRER.net
  4. PAL operator expects positive monthly cash flowsBusinessWorld Online
  5. PAL parent on ‘final stages’ of restructuring as loss mounts to P73 billionPhilstar.com