Philippine Airlines Is Bankrupt

[@jaimegamboa921]

I think people are misunderstanding the situation. They aren't shutting down like Alitalia or halting operations like in the 1997 Asian Financial Crisis, they filed for Chapter 11 to restructure. They're still going to operate while under Chapter 11 unlike 1997.

[@paoo3353]

We can’t lose PAL. It will be a huge blow to the Philippines if PAL closes.

[@Boypogikami132]

@@paoo3353 especially to the OFWs and the President’s international travel.

[@volantee]

Exactly!

[@benf3996]

I think most airlines are on the verge of bankruptcy. It's just PAL decided to act on it as early as possible.

[@fugiaq]

nahh, Philippines just take the brunt of endless lockdowns and god knows how many quarantine classifications there are. Poor governance overall

[@Boypogikami132]

@@fugiaq there’s literally 4 classifications of quarantine. High to low: 1. MECQ 2. ECQ 3. GCQ 4. MGCQ Learn to be a Filipino before saying bad stuff about the Government

[@fugiaq]

@@Boypogikami132 oh okay? Tanggol mo pa gobyerno mong palpak. At tsaka 4 classifications nga lang ba? May mga "with heightened restrictions" pa 'diba? Meron pang mga alert levels. Dagdagan mo pa nung "tiny bubbles" kuno. Wag tanga ha? Napaghahalatang minion ng basurang namumuno.

[@realkingxyro]

@@fugiaq Hahahaha 2021 na DDS parin siya

[@ronjohnson3177]

I have flown with PAL dozens of times they are fantastic airline with 5* customer service even in economy class.

[@Boypogikami132]

I mean our hospitality sure goes a long way ;)

[@alphaphgames8266]

It's very sad since PAL is my favorite airlines

[@Boypogikami132]

Same

[@2chuck]

Most companies that have to resort to Chap 11 emerge stronger and survive. It does usually wipe out the stockholders and Debt Holders to some degree. It's probably good news that PAL is still in good enough financial condition to choose that path. I wish them the best.

[@cjever6625]

It's very sad because PAL recently improved and got 4-star certification.

[@lsmith6378]

Yep. My personal opinion is that so many workers have made PAL A world beater only to be dragged down by dirty money to keep the airline solvent. Nothing new as its happening all around the world.

[@brianaviation3072]

so sad....

[@timsretirementjourney8323]

It was bound to happen. The Philippine government keep changing the rules and causing them to reduce or cancel flights. A company can't make any money like that.

[@Boypogikami132]

I can agree on the PH Government because they want the best out of their citizens.

[@jelof21]

surprised it took this long tbh, all things Considered... the Philippines had technicaly been on lockdown since march 2020 with travel SUPER restrictive

[@lsmith6378]

Not for the first time.

[@brianaviation3072]

@@lsmith6378 it is so bad right now in PH

[@jerichop7847]

@@brianaviation3072 its been year and a half and still in lockdown 😐

[@brianaviation3072]

@@jerichop7847 omg pray for you and my filipino families there..

[@jwholmes2]

In 2019 All Nippon Airways invested $95 million in PAL. As an equity holder in Bankruptcy you get Jack… Newsflash, almost all carriers are technically insolvent. Access to more debt is not a solution. It just kicks the can down the road. One day they are going to kick the can and it’s not going to move.

[@lsmith6378]

And there's a lot of money to be made from companies going bust - Follow the money and see who benefits.

[@elaineblackhurst1509]

@@lsmith6378 always the Acccountants sadly profiteers lol 🇬🇧🙋🏻‍♀️👩‍✈️👨‍✈️🙏😢✈️👎

[@topiasr628]

Why build a warchest or pay down equity during good times when you can spend those billions on share buybacks and dividend payments?

[@normansilver905]

Philippine Air just surrendered 20 of its passenger jets back to the lease holder.

[@adriananzano2292]

probably for the best, widebody jets are just not profitable as of now

[@paoo3353]

3 A350s are already with Lufthansa.

[@Boypogikami132]

22*

[@capt.skymarshal]

Four Philippine Airlines A350-900 will be transfered to Lufthansa in Munich.

[@darylp9306]

Wait. What? Nooo! You sure about this?? That's so sad. Not the newest ones. 😥

[@darylp9306]

@Joeduard Barrientos They could've chosen to get rid of the older a321's or older B777's though. The a350's are sooo new! My gosh.

[@jpsurbano3888]

@Joeduard Barrientos sad news:((

[@kimjong-il1547]

😢 I flew this airlines once and it was great. I hope they get saved

[@coldwinters4973]

The best airline (speed, food, and service) for the LAX - MNL and many US West Coast - Asia routes!

[@ahmedayaat2727]

Definitely not the best, one of the best you can say. I haven't flown on it, but no. There are much better options, too like SIA

[@coldwinters4973]

@@ahmedayaat2727 SIA flights take much longer.

[@aldrinhu9714]

Cold Winters: So true! I’ve flown them twice (from San Francisco) - the F/As are very helpful (with no English-speaking issues) and the meals are FULL meals (not just sandwiches typical of US airlines).

[@thetruth1859]

@@ahmedayaat2727 so how you going to know if it's not the best if you haven't even flown on it? wth? hahah

[@ahmedayaat2727]

@@thetruth1859 making a fool out of yourself? I said SIA is a much better option

[@Fiftypilotz]

Dont worry, they will return soon!

[@sadmonke6639]

My main concern is the Manila to Honolulu route. I’m Filipino and we live on the islands. I have only flown with Hawaiian Airlines and Philippine Airlines. We have a lot of family back in the Philippines that we visit somewhat often. Their service is amazing and I hope to see that they recover.

[@radiantrubes]

No...

[@sonicblue3900]

Well I understand about the chapter 11 filling in new York to trim the dept ,reform and aid the recovery of the airline for the future. My main concern was London to Manila PR721 route was rumoured for change to depart from Paris instead. Please can we keep London route alive even if the frequency of flights are less....

[@johnniemolina5268]

This might mean that Emirates will be the only luxury airline from the UAE after COVID.

[@lsmith6378]

That depends on weather profit comes before people. You'll be surprised how vulnerable Emirates are. The whole airline business all round the world stinks and is in trouble its not just PAL.

[@realkingxyro]

I used to spot a lot of them when I have time, I do hope they make it out of this pandemic.

[@stevenleyson728]

my last flight was the 777-300ER Manila to Los Angeles

[@carlvincent12]

My last flight on PAL was on their 747….. oh how I wish I can go back in time

[@trentgilliam5192]

Same for me. SFO-MNL and back.

[@carlramirez6339]

Their 777s are pretty good too. Also, I'm glad they got rid of the A340s.

[@Boypogikami132]

Well I wanted to fly one of them especially on PAL but the 747 is going extinct so might as well just forget about them-

[@jadrianfj]

Aw man. Not our flag carrier!

[@lsmith6378]

Correct

[@Boypogikami132]

NOT PAL! FIRST 747 NOW THIS!?! MY DREAMS GOING APART!!!

[@DanAviationFSYT]

NOOOOO not our flag carrier

[@jerolvilladolid]

Philippines airlines is a private company, headed by Lucio Tan, a cigarrete magnate. The company is under a family run business with the head around 80... 90 years old? Bankruptcy is inevitable. But the “Philippines” aviation industry is far from in trouble. You have Cebu Pacific, one of the most ascending airline companies in all Asia.

[@realkingxyro]

Not to mention Philippines Air Asia is weathering it just fine

[@filamexplorer4311]

I think it’s quite common for an airliner to file for bankruptcy specifically during this time because they got hit hard with this pandemic. Bankruptcy is not technically that bad, in some cases like this one-it will help the company stay afloat.

[@internationaldirector2917]

Right practically all airlines on the world in bad shape.

[@joshuaeriktespoer3375]

I still believe that Asia's First Heart of the Filipino will continue to Shine Through once it recovers from it's current situation. flyPAL

[@goutvols103]

Is the $655 MM coming from the sale of the sixteen (16) planes? Do you know who is buying them or are they on a lease back? Thanks in advance.

[@MSRTA_Productions]

Another airline lost.... Why is this keep happening!?

[@norwayspotter26]

Not gone yet, just filed for bankruptcy

[@donaldstanfield8862]

They will have a second chance now under bankruptcy rules

[@Lee247Jamaica]

WHAT? So flagship airlines like Alitalia now PAL

[@winnard4598]

PAL will still continue to operate unlike Alitalia

[@Bob31415]

And Vietnam Airlines

[@Lee247Jamaica]

@@winnard4598 thank god

[@Lee247Jamaica]

@@Bob31415 I really love their fleet a320neos a321/neos a350 and 787s their livery is amazing

[@Bob31415]

@@Lee247Jamaica I agree. Vietnam Airlines has a beautiful livery. Unfortunately they will soon be gone.

[@makoy731]

Hopefully they’ll be a more efficient and nimble carrier once they’re able to come back from this. They also need fresh blood and fresh ideas on the corporate level

[@trevormcdonald586]

haha love you're comment, they are one the friendliest safest and efficient airlines in the world, nice that you try to sound like some bis exec.

[@joeynombres777]

@@trevormcdonald586 , agree with you.

[@gamersiddheshtamil8796]

I’m the ninth view and I’m happy And, I’m so sorry for Philippines airlines😭😭😭😭😭😭😭😭 We’re losing lot of airlines that we love, 😭

[@jpsurbano3888]

We are not losing PAL

[@gamersiddheshtamil8796]

@@jpsurbano3888 hope it’s true, thanks for the update

[@jpsurbano3888]

@@gamersiddheshtamil8796 wc

[@jpsurbano3888]

@@gamersiddheshtamil8796 i guess they just file to avoid bankrupt

[@johndotcue]

I have a flight with them in Sept 9. I hope I don't get any problems...

[@cliffm6566]

No surprise at all. Who's next? Thai? Malaysia ? Cathay Pac? Qantas? Vietnam? SouthAfrican? (I think they're already gone.)

[@syazdnl]

MH still can survive due to his Cargo operations for southeast asia market...

[@Dog.soldier1950]

A long way until long haul travel returns

[@lucascalma605]

My God! It's hard to believe that my country's flag carrier Philippine Airlines, has filed for bankruptcy! I just hope that the nightmare for my flag carrier will be over soon especially when COVID cases decrease.

[@rais1953]

Australia's second major airline Virgin Australia failed in the pandemic and has been relaunched under new owners. PAL has a market to offer to new owners so it will probably survive in some form.

[@leslienordman8718]

You said, I think, that Philippine Airlines filed for Chapter 11 bankrupcy in New York. I thought Philippine Airlines, as the flag carrier of the Philippines, would be a Filipino company. Would you please explain that for us? Thanks!

[@alexpaglinawan4297]

It's a Filipino Company(State) before but it was under a Chinese-Filipino CEO when the company privatized. Filipino managed the company.

[@leslienordman8718]

@@alexpaglinawan4297 thank you!

[@Boypogikami132]

PAL owns US jets. So the United States would be nice enough to help us in these dire times.

[@albagaoisan8140]

companies needs to survive during this pandemic specially the aviation sector is greatly affected. i hope this pandemic will end soon.

[@williamcrossan9333]

I'm amazed more airlines haven't gone under during this pandemic.

[@radharanicapulong]

I think Thai airways is one soon, Malaysia airlines too. then Singapore airlines are a little bit in a mess to.

[@jpperez6567]

Everytime na makita ko ang philippine airline umiiyak ako na sana makauwi ako.onetime nasa vancouver ako nakita ko ang philippine airline umiyak ako sa homesick .Dapat support ang government iyan.

[@windellcabarlo272]

80k flights already cancelled due to bankruptcy

[@neilsvonzeppelin250]

How many airlines are already bankrupt ? Or on the verge of bankruptcy ?

[@headymcthunderdome2136]

Truly sad to see as they were a lifeline for international travel from the Philippines. Hope they don’t have to cut any routes or retire an entire aircraft type

[@briansparks4926]

Chapter 11 can be a successful re-launching of a business if the objectives and pre-planning is objectively agreed upon by all parties involved. Most failures are due to lack of communication between the company executives and the investor's group. If properly structured, we should see a smaller airlines going forward with the potential to grow in the future.

[@travellinronzky]

misleading. there are still other investors waiting to buy the airline. Dont count out SMC yet. officials released their explanation video so there is no need to panic..it has been there before so management is just cautious.

[@darylp9306]

other investors? who else?

[@pikmin414]

I don't want Philippine Airlines is shutting down

[@jamesb777driver]

Sad to hear this!!!

[@gimp6019]

Something wrong with the bankruptcy laws if a foreign company can use the US court system to escape debt

[@juniesantos6911]

Any foreign company which has purchased planes made in the USA, with money loaned from USA banks, and flies international routes to and from multiple cities in the USA is protected by USA laws, bankruptcy laws included.

[@apogeedata]

A real interesting video that you might want to do is the history of airlines filing Chapter 11 and then succeeding after I say like succeeded for at least like 10 years or something it would be interesting to know

[@makeupbycarlcapellan]

The Sunriser livery will rise again and shine through

[@williamerazo3921]

United will take over

[@DHDAviation]

@@williamerazo3921 no

[@gregschwab3491]

Great to hear the US is helping. I was surprised the State Department rates the Philippines as the number 1 friendly country to the USA. So have we are lending a helping hand as we did many for all of the US airlines.

[@Agent44996]

Oof that is really sad to hear. Hopefully their situation improves.

[@clarkedgarcarpentero5860]

One of the oldest airlines in asia now at stake hope it recovera steadily fast.

[@joeynombres777]

pal is the oldest airline in asia. fyi; together wd northwest they both founded japan airlines (jal) .

[@nurrizadjatmiko21]

Damn it! Curse you Covid 19 !!

[@testing056]

noooo whyy

[@TheAhmed773]

First alitalia now this

[@nurrizadjatmiko21]

Yes indeed, Ahmed the gamer. Why ? Curse you Covid 19.

[@Gaurav_Sharma3112]

But soon we see air india too

[@rrajdippawskar9853]

@@Gaurav_Sharma3112 Air India is already getting disinvested. Just don't know how much time it will take for completion??

[@Gaurav_Sharma3112]

@@rrajdippawskar9853 yeah

[@ahmedayaat2727]

@@nurrizadjatmiko21 alitalia is completely shutting down. But thankfully, not Philippines Airlines. Alitalia had severe bankruptcy problems, even before COVID

[@paoo3353]

Very sad to hear. 3 very young A350s now with Lufthansa. Problem is really with Lucio Tan. PAL explains the pandemic really damaged the airline yet even before the pandemic started they are always reporting losses.

[@krazytube2196]

They already have the recovery plan

[@michaelkevinmirasol8256]

The problem with PAL is mismanagement due to Lucio Tan's control over the company's stocks, when San Miguel Corp led by Ramon Ang is in charge, the PAL's profit grew and became a more worthy airline for non-Filipinos also to travel with. But when Lucio Tan took over, it went back to mismanagement. Another factor aside from the pandemic is the country's heavy reliance on Overseas Filipino Workers' remittance and travel for its economy to prosper. Although the lockdown of global borders due to pandemic left airlines into deep profit loss, most of PAL's main bulk of customers are OFWs and Filipino tourists, when all of them were locked down from their host countries and the rest went back home for good, PAL's profit plummeted because very few Filipinos can travel abroad.

[@paoo3353]

RSA made PAL profitable but service didn’t improve. At least for me. During his time, remember he introduced an all economy class A330 which really sucks because the seat configurations are really bad and there are no IFEs. Literally shoulder to shoulder seating. He leased lots of A340s for no good reason which also put them in bad position. Those A340s also don’t have IFEs even in business class. Problem with LT is he can’t find a way to expand the airline and attract European customers. Qatar, Emirates and Etihad are still kings in attracting customers for flights to Europe to the PH v.v.

[@billrussh2004]

PAL will live on. Shining through.

[@timothycook2917]

and to think I had booked a flight on the newly revived LAX-CEB flight for June, 2020 and we all know what happened. I guess that probably won't be coming around anytime soon

[@joeynombres777]

pal will continue to fly.

[@byedesign2000]

That will never happen, unless you can get a time machine. ;-)

[@ogdababy3196]

2011 Philippines Airlines making good profits and 10 years ago i said to make the company /business grow all Philippine Airlines should be as consolidated a group and join US stock market now its too late. I can see San Miquel Cooperation will take Pal stakes more

[@joehart7260]

Flown with them a few times and they are very good, hope they survive. But why the hell is the landing gear down on that Airbus A350 at that height?

[@junacullador8812]

It's about time. This is long overdue. PAL hasn't been earning profits for quite sometime now. Is this the most logical way to survive the pandemic? I think so. They have to restructure, cut its fleet to a manageable size & evaluate its route network. It's about survival nowadays. Goodluck PR!

[@lsmith6378]

Yeah they are gonna need luck Seem to remember PAL being banned from some airports. You have to ask why have JAL put money into PAL when it was obvious the airline was failing.

[@Tj-kg5iw]

they have great food on-board

[@Mike-cd5un]

Great food to no food. Buy on board. Been there done that on most US Carriers after bankruptcy.

[@josephlindquist506]

Best friend flew PAL in '15. She said the food was the pits. And she travels extensively, so should know.

[@anthonytorres4926]

Ay nako! 😢

[@Boypogikami132]

I’m very disappointed that this is happening to my home carrier 😔

[@gingergranttech]

LoL 😂

[@Boypogikami132]

@@gingergranttech this is disrespectful

[@justanaturalcarguy4031]

​@@gingergranttechNot funny

[@internationaldirector2917]

Only in US, for local operations still getting strong. Prayers and God bless PAL.

[@kyruzarnejo7472]

noooooo our flag carrier Philippine airlines this can't be true

[@echuzera4985]

With pandemic happen, everyone struggles most especially the airlines industry wherin most flight cancelled due to restrictions from the local government.

[@drewsarmiento]

:( this is just so sad

[@FatherZed696]

Why no flights from london any more ?????????

[@willarddevoe5893]

Any hard working business that catches too much debt, should isolate that debt and dump it where it can do no harm.

[@ryanc00p3r3]

the only thing they have to do(The most sad part) is they need to retire all of there 747 fleet and 777 fleet replace it with few latest long ranged Twin engine airliner that you can found in Airbus. jumbo jet and quad engine planes are not sustainable for the airline industry right now.

[@miguelmendiola4088]

The Boing 777 is twin engined.

[@ryanc00p3r3]

@@miguelmendiola4088 wait oh. i can't remember which plane has 4 engine aside on 747?

[@zenfiretum3992]

@RYAN COO3 PAL doesn't have 747's anymore. It was retired years ago FYI. B777 is way better than Airbus. Airbus maintenance is not cost-effective. Cargo and range are way limited compared to B777.

[@adamclayson5347]

Are you proof-viewing your videos before you publish them? I wanna like your channel but some glaringly amateur mistakes are being made. 2:30

[@josephcheng5949]

The planespotters info is too accurate. The 25% fleet cut is based on their original ~100 planes.

[@skmchang]

unlike europe and north america, travelling in asia, south asia will be remained restrictive for at least another year or two. do expect more airlines to go busted...

[@Boypogikami132]

Southeast*

[@Bob31415]

First Alitalia, then Vietnam Airlines, now Philippine Airlines. Air travel is slowly going away.

[@Boypogikami132]

PAL will come back stronger. Just hope to God and he’ll do his magic on the airline

[@TrainFreakCow12]

can you cover cebu pacific . the PAL to me been in trouble little passenger due to cebu pacific taking a share of the local market. also Philippines hit bad 22215 new cases today. keep up good work i enjoy this channel and your transport one

[@tanzil88]

I'm afraid the same fate also will happen to Garuda Indonesia soon.

[@sylvesterandtweetie4260]

Garuda is also bankrupt indonesian goverment just hiding the real condition for the sake of national pride.

[@lsmith6378]

And many more.

[@MNMfoods]

Sad news indeed!

[@vxllfire]

My heart jumped when i saw my country's airline and the word bankrupt.

[@germanfisch]

my country's airline and the word bankrupt? Aight how much alcohol have you drank before typing ur comment

[@vxllfire]

@@germanfisch Huh nothing is wrong with my comment. What is wrong about it?

[@vxllfire]

im saying that PAL is bankrupt and i live in the PH. im not saying im the owner of my country it's just that i'm worred for PAL.

[@germanfisch]

@@vxllfire can you explain to me the "and the word bankrupt" part

[@vxllfire]

@@germanfisch well the things i love partnered with terrible/worrying words makes me worried bout the thing, it applies to pal. im saying i'm worried about pal because it's bankrupt.

[@lcmichaels7215]

Hopefully this will be a wake up call to the Philippine government that lockdown, travel restrictions and barring international travel is not how COVID is going to be defeated. Eventually (if not already) this will trickle down to the average citizen. Plain and simply, tourism is a major part of the Philippine economy and all these regulations is having a bigger impact than the actual virus.

[@nelsontrajano1163]

Where did you get this news.??

[@omarijoseph3189]

oh no..that is sad news

[@elenacelerinos7948]

What do you mean, files for bankruptcy??

[@bayanicustodio3998]

I hope they get their act together. I always thought it was a single family controlled airline for some unknown reason.

[@michaelkevinmirasol8256]

When PAL was controlled by San Miguel Corp, it was the heyday again of the airline. Remember that PAL had 6.5B pesos loan from the gov't under Lucio Tan, he is well known to mismanage PAL even back when Asian Financial Crisis left PAL became bankrupt

[@thomassharp2719]

Imelda Marcos Airways will take over there air routes. With there new Imperial Service.

[@sonicy22]

Soon

[@jpsurbano3888]

Why Imelda Marcos?

[@sfreply]

@@jpsurbano3888 Why not ?

[@julieleawong2083]

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[@sophieoconnor7590]

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[@ryangilbert7308]

@@sophieoconnor7590 I just wonder where He got his analysis

[@ryangilbert7308]

My wife trades bitcoin with good profit I'm always busy with work but I'm sure of investing with him in future.

[@osjesusarias1279]

Hello Can I actually trust bitcoin trading I'm a beginner how does this bitcoin stuff really works?I'm interested and ready to invest in it.

[@osjesusarias1279]

How can I reach expert Mr Greg Buch ? I need a good broker to guide me to success

[@JCTG1]

Not really surprising to be honest.

[@kyotokid4]

...the States giving a foreign airline debt funding?

[@juniesantos6911]

Any foreign airline which bought planes made in the USA, with money loaned by USA banks, and serves routes with multiple cities in the USA are protected by laws of the USA, bankruptcy laws included.

[@AvianCrave]

And now Cebu Pacific will be the flag carrier now :(

[@stingcobra8538]

Cebu Pacific sucks.

[@filledwithvariousknowledge1065]

@@stingcobra8538They make 9 abreast 787 and 10 abreast 777 seem like an upgrade as 9 abreast A330 is that bad with them

[@alexpaglinawan4297]

I hope they don't fly it to US while getting stuck at sitting at the economy cabin with no services or whatsoever.

[@Seravee1]

@@stingcobra8538 no

[@Boypogikami132]

No that ain’t gonna happen. PAL will, and I mean WILL survive

[@koltp1909]

Guess PAL would cease operations

[@Boypogikami132]

Not true.

[@rdc1783]

Anyone else got an ADD for PAL before watching this video?

[@patrickjamesdeleon4395]

22 planes of Philippine Airlines will return back in Airbus Company.

[@cokeysadventure899]

We nit bankrupt anymore boys. I can fly melbourne-manila-davao-tagbilaran on philippine airlines less go

[@brianaviation3072]

it is sad we need Pal to survive God help them...

[@ginocruz8220]

I used to work for PAL. Let me tell you, that everything about that airline is TOXIC. You name it: toxic training, harassment, bullying, corruption, favoritism, nepotism, messed up seniority privileges, etc. PAL AND IT'S EMPLOYESS BRING OUT THE WORST IN EVERYONE. Once these harassed and bullied newbies become seniors, they'd reciprocate the bad treatment that they experienced to the new hires. I REFUSED TO BE PART OF THIS VISCIOUS CYLE. AFTER YEARS AND YEARS OF TOXICITY, I LEFT AND MIGRATED. I never looked back. EVERYTHING ABOUT THIS AIRLINE IS TOXIC. IT'S DEMISE IS A WELCOME OUTCOME. HOPEFULLY, IT'S WINGS WILL FOREVER BE CLIPPED!!!

[@lsmith6378]

You've hit the nail on the head. PAL will go bust and the dodgy air lines will take up the destinations and profits.

[@miguelmendiola4088]

I was an airline Captain for PAL in the sixties. I agree with you. I resigned in 1972.

[@Boypogikami132]

Holy- never saw that behind all the friendly faces I saw on KZbin.

[@Bob31415]

In the vast majority of cases Chapter 11 bankruptcy is the beginning of the end.

[@winnard4598]

Some airlines have undergone this process and came out stronger.

[@Demosthenas]

I hope they ditch their aging 777-300ERs and A340s and go exclusively with the A350-1000 as an international carrier. Selling theor older assets should give them more capital while they can lease some A350s in the meantime.

[@username6308]

they have already retired all of their a340s 2 years or 3 years ago i think

[@Demosthenas]

@@username6308 They still have some in mothball however. They might be able to sell them for capital.

[@jacaviation]

Farewell Phillipines Airlines, we all will remember you...

[@DHDAviation]

The airline won't cease operations, the filing is necessary in order to ensure the airline's survival.