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In a video statement, Philippine Airlines (PAL) Chairman and CEO Lucio Tan, through his grandson, Lucio Tan III, director of PAL and PAL Holdings Inc, announces commitment to see through PAL recovery despite the filing of bankruptcy in the US.
Tan said the airline would "maintain its position as a premier global airline" and "PAL will continue to serve its valued customers and the Philippine economy, now and long into the future,"