Asia/Pacific

$200M SYNDICATED LOAN FOR PAL TO FUND FLEET UPGRADE

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$200M SYNDICATED LOAN FOR PAL TO FUND FLEET UPGRADE

Philippine Airlines (PAL) plans to raise up to $200 million via a syndicated loan this year to partly fund its ongoing re-fleeting program. PAL outlined its plans to the Bangko Sentral ng Pilipinas (BSP). The loan will purchase one 777-300ER aircraft to be delivered by June next year. ...

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