Europe-based international publications Airline Economics magazine and AirFinance Journal have recognized the successful financial restructuring undertaken by flag carrier Philippine Airlines (PAL) in 2021.
Ultra bilyonaryo Lucio Tan’s PAL won the Asia Pacific Restructuring Deal of the Year from Airline Economics magazine as well as the AirFinance Journal Deal of the Year award for its pre-negotiated Chapter 11 restructuring agreements last year.
Airline Economics is the flagship publication owned by Aviation News Ltd. which is dedicated to the commercial aviation finance and leasing industry.
The Airline Economics Aviation 100 Awards celebrate resilience and ingenuity in a challenging environment for the worldwide aviation industry.
Volkswagen CEO Herbert Diess said Thursday he was “concerned” about the China policy being pursed by the German government as Berlin seeks to take a harder line on human rights issues.