Lucio Tan throwing $505 million lifeline to PAL as part of airline's reorganization

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Lucio Tan throwing $505 million lifeline to PAL as part of airline's reorganization

ABS-CBN News

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Updated Oct 27, 2021 06:33 PM PHT

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PAL

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Philippine Airlines

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Lucio Tan

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Chapter 11

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bankruptcy

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Buona Sorte

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debt-to-equity swap

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PAL Holdings

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aviation

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air travel

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