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. Last Updated: 07/27/2016

PAL Creditors to Meet

MANILA, Philippines -- Major creditors have agreed to resume talks with Philippine Airlines on a proposed rehabilitation plan in an attempt to prevent the carrier from closing, an official said Thursday.

Perfecto Yasay, chairman of Securities and Exchange Commission, Manila's corporate watchdog, said PAL's major creditors agreed to the talks' resumption during a meeting in Hong Kong.