Philippine Airlines Secures $300 Million in First Bond Sale Since Exiting Bankruptcy
Philippine Airlines, controlled by billionaire Lucio Tan, has successfully raised $300 million through its first bond sale since emerging from Chapter 11 bankruptcy. This significant capital injection marks a key milestone in the carrier's financial recovery and post-restructuring strategy. The funds are expected to support the airline's fleet modernization and network expansion plans. Strong investor demand for the bonds signals growing market confidence in the flag carrier's long-term viability and growth prospects.
Official Source: https://www.forbes.com/sites/iansayson/2026/07/08/billionaire-lucio-tans-philippine-airlines-raises-300-million-in-first-bond-sale-post-bankruptcy/
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