Forbes

Billionaire Lucio Tan’s Philippine Airlines Returns Planes, Defers New Aircraft Deliveries Amid Losses

Billionaire Lucio Tan’s Philippine Airlines Returns Planes, Defers New Aircraft Deliveries Amid Losses

Philippine Airlines has returned two of its existing aircraft to its lessor last month and deferred deliveries of new passenger jets as continuing losses significantly strain the flag carrier’s liquidity position.

Source: Forbes – Markets
Date: August 24, 2021, 14:58