PAL Shareholders Persist In Keeping The Airline Buoyant. | Kalkine Market Update NZ |

  • November 16, 2020 12:53 PM NZDT
  • Team Kalkine

Phillipine Airlines (PAL) has stated that it is continuing to get funding from its shareholders to keep the company buoyant amid mounting losses due to COVID-19. Early this year, PAL obtained an additional contribution of P6.27 billion from Lucio Tan's Buona Sorte Holdings Inc. (BSHI) for the potential stock subscriptions. This takes the overall injection of BSHI to PAL to P17.68 billion from 2019 until end-June, based on the first half financial report of PAL Holdings.

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