has been taken. Details are trickling out, though. The Nikkei reports that Philippine Airlines is looking to raise $505 million through its top shareholder, tycoon Lucio Tan, and private and government banks to provide post-restructuring liquidity.kept on life support
during the pandemic, with states extending $173 billion through loans and loan guarantees, wage subsidies and more, according to the International Air Transport Association. The trade group warns that carriers could run out of money before they benefit from any vaccine-led recovery. The median airline’s cash might only last around eight months longer. The pandemic is calling time on UK pubs’ finances.
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