Billionaire Lucio Tan’s Philippine Airlines Raises $300 Million In First Bond Sale Post Bankruptcy
Philippine Airlines has raised $300 million through its first bond sale since emerging from Chapter 11 bankruptcy in 2021. The funds are earmarked for fleet modernization and expanding international routes to North America.
--:-- / --:-- This voice experience is generated by AI. Learn more . This voice experience is generated by AI. Learn more . A Philippine Airlines A320. Philippine Airlines Philippine Airlines (PAL)—controlled by tobacco and banking tycoon Lucio Tan —has raised $300 million through the sale of five-year bonds, providing funds to help fund the flag carrier’s fleet modernization and expansion.
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