Philippine Airlines (PAL) has received approval from the Southern District of New York bankruptcy court on a “final basis” to access a debtor-in-possession (DIP) financing worth $505 million. This will be used to support the carrier’s ongoing operations and recovery...
Thai AirAsia has launched a crowdfunding bond campaign as the low-cost carrier seeks to boost its capital. Known as “Project Lift”, the airline’s campaign that was launched on September 9 seeks to raise around Bath 80 billion by issuing debentures to retail investors...
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