Philippine Airlines files for bankruptcy
Philippine Airlines said Saturday it was filing for bankruptcy in the United States to slash $2 billion in debt as it tries to survive an industry gutted by the coronavirus pandemic.
Sep 4, 2021
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Philippine Airlines said Saturday it was filing for bankruptcy in the United States to slash $2 billion in debt as it tries to survive an industry gutted by the coronavirus pandemic.
Sep 4, 2021
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Embattled low-cost carrier Norwegian Air Shuttle said Tuesday it had secured bankruptcy protection in Norway, after recently receiving a similar shield in Ireland.
Dec 8, 2020
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A Thailand court on Monday approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the coronavirus tourism crash.
Sep 14, 2020
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Their fleets grounded for months owing to the coronavirus, airlines have sought with varying degrees of success state assistance to avoid going under altogether.
Jun 10, 2020
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Lebanon on Thursday announced a new tax on internet calls made through messaging applications, a move meant to boost the cash-strapped state's revenues but which sparked widespread user outrage.
Oct 17, 2019
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Brazil's state-owned oil giant Petrobras on Wednesday approved the sale of $2.3 billion worth of shares in its fuel distributor BR, as it seeks to privatize assets to pay down debt.
Jul 24, 2019
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A debt is an obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.
A debt is created when a creditor agrees to lend a sum of assets to a debtor. Debt is usually granted with expected repayment; in modern society, in most cases, of the original sum plus interest.
In finance, debt is a means of using anticipated future purchasing power in the present before it has actually been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy.
This text uses material from Wikipedia, licensed under CC BY-SA