PAL Wraps Up $150M Loan for 2015 Capex

Flag carrier Philippine Airlines Inc. (PSE: PAL) is set to conclude a $150-million loan facility to partially finance its capital expenditures this year, particularly the purchase of five brand new Airbus aircraft.

PAL president and chief operating officer Jaime Bautista said in an interview that the airline has already finalized talks with two financial institutions to provide funds for the acquisition of brand new aircraft.

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Source: The Philippine Star

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