Philippine Airlines to return 22 planes, reassures on survivalAircraft of Philippines Airlines park beside a hangar at a runway of the Ninoy Aquino International Airport in Manila March 14, 2016. (Reuters photo)MANILA: Philippine Airlines will return 22 aircraft, mostly Airbus and Boeing jets, to lessors as it pursues a financial restructuring programme to survive after the pandemic has decimated global travel, executives said on Monday. With the company not expecting a return to pre-pandemic levels until 2024 to 2025, the carrier will return 22 aircraft to lessors, Philippine Airlines President Gilbert Santa Maria told a news conference. Philippine Airlines will end with 70 aircraft after cutting about a quarter of its fleet of 92 planes. After filing for Chapter 11 bankruptcy, Philippine Airlines said on Friday it was pursuing a financial restructuring plan.

Source: Bangkok Post September 06, 2021 03:56 UTC