Billionaire Lucio Tan’s Philippine Airlines Boosting Flights By 52% Amid Tourism Recovery Hopes

Philippine Airlines—controlled by billionaire Lucio Tan—is increasing its scheduled flights by 52% this month amid optimism tourism will recover as the country reopens its international borders and the government eases Covid-19 restrictions.

The flag carrier, which emerged from bankruptcy protection in December after a U.S. court approved its restructuring plan to slash debts by more than $2 billion, said Tuesday it will add more than 1,500 international and domestic flights this month.

“We are seizing the opportunity to intensify our efforts to promote international tourist travel to the Philippines, as well as to respond to rising demand for flights to serve overseas Filipinos and a recovering economy,” Stanley

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