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Lessor Nordic Aviation gets bankruptcy reorganisation plan approved

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Nordic Aviation Capital Designated Activity Company (NAC) announced that the U.S. Bankruptcy Court for the Eastern District of Virginia has confirmed the company’s plan...

Philippine Airlines exits Chapter 11 restructuring

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Philippine Airlines Inc. (PAL) announced on 31 December that it has emerged from its voluntary Chapter 11 proceedings as a more efficient airline with...

US court approves Chapter 11 reorganisation plan for Philippine Airlines

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Philippine Airlines, Inc. (PAL) announced that the U.S. Bankruptcy Court of the Southern District of New York has approved its Plan of Reorganisation. PAL...

Philippine Airlines files for bankruptcy in US

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Philippine Airlines (PAL) announced on 4 September that it had filed a pre-packaged Chapter 11 reorganisation petition in US federal bankruptcy court to restructure...