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Philippine Airlines Can Borrow Chunk Of $500M Ch. 11 Loan

By Vince Sullivan ( September 9, 2021, 6:15 PM EDT) -- Bankrupt Philippine Airlines Inc. received permission Thursday from a New York judge to make an initial draw on a $505 million Chapter 11 loan it will use to fund its bankruptcy case and maintain its operations as it seeks to restructure dozens of aircraft leases....

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