PAL back to profitability after a 2021 Chapter 11 restructuring

Every generation needs a revolution - an entrepreneurial revolution

PAL is back in business and is buying new planes and reeestablishing old routes which it closed after a 2021 restructuring which saw the company effectively reducing costs and reducing/writing off $2b in debt.  It gained profitability of about $200+ million (thats billions of pesos)   Thanks to the departure of covid and renewed confidence of people on air travel.

Congratulations to PAL.   

PAL back on the black

Even the biggest and the business tycoon are not immune to business failure. We have to be vigilant

Every generation needs a revolution - an entrepreneurial revolution

Bueno Sorte Holdings falters has negative networth since 2017

Lucio Tan and wifes holding company Bueno Sorte has been reportedly red flagged by SGV for having a negative net worth of P25 Billion since 2017.

The said holding company is said to be the one to pour $500 million to rehab the bankrupt airline.  The holding company holds all LT interest in Asia Brewery, Fortune Tobacco and  Philippine Airlines  It has doubled to P60 billion in 2020 largely due to  P20b losses in PAL operations

SGV doubts the ability of the  holding company to be an ongoing concern (or do the $500 million dollar infusion

Much better off kaya tayo.  May positive Equity kaya Holy Gardens group.  Pagbutihin.  Even the biggest can lose.   and go belly up

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