Philippine Airlines files for Chapter 11 bankruptcy protection

[pvc_stats postid=”” increase=”1″ show_views_today=”0″] Philippine Airlines (PAL) has announced the decision to undergo a financial restructuring under the US Chapter 11 process. A petition was filed in New York district court yesterday (Friday). There had been rumors of this being on the horizon for months, so it’s interesting to see it finally happen, especially 18+ […]