WATCH: Does Bankruptcy Filing Mean the End for Philippine Airlines?

Here's what the move means for the flag carrier's future.

Philippine Airlines on Sept. 3 filed for Chapter 11 bankruptcy protection in the U.S. with a counterpart filing in Manila, underscoring just how badly the airline industry has been gutted by the COVID-19 crisis.

What exactly does this mean? Does filing for bankruptcy mean the end for PAL?

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