PAL

2023 - 2 - 27

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Image courtesy of "Philstar.com"

'PAL now has gourmet food!': Philippine Airlines unveils new menu ... (Philstar.com)

Philippine Airlines unveiled last Friday a brand new menu curated by Chef Vallerie "Val" Castillo-Archer ahead of the company marking its 82nd anniversary ...

One of the new main dishes, the Miso Seabass that is marinated for 48 hours, was actually from Yamashiro which allowed Chef Val to include in the new PAL menu, again part of her way of giving back to Filipinos. One of the changes Chef Val made was giving passengers the option to have soup and a salad, as seen in the Tuna Tataki Salad and the Tiger Prawn Sinigang. The Ilocos Norte-born Chef Val was the executive chef of the famous Los Angeles restaurant Yamashiro — the first female and first Filipino-American — before she was invited by PAL to create the brand new menu.

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Image courtesy of "BusinessWorld Online"

PAL approves exchange ratio of 15.57:1 for share swap ... (BusinessWorld Online)

In a disclosure to the Philippine Stock Exchange (PSE), the company said the move is part of PAL's restructuring, “parts of the debts of the unsecured creditors ...

(PHI) announced on Monday that its board of directors approved an exchange ratio of 15.57 PHI shares to one Philippine Airlines, Inc. Under the reorganization plan, PAL offered the impaired creditors a mechanism to swap their PAL shares into shares of PHI “so that they would have the ability to trade them on the PSE.” In a disclosure to the Philippine Stock Exchange (PSE), the company said the move is part of PAL’s restructuring, “parts of the debts of the unsecured creditors were impaired and converted into equity of PAL.”

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