Philippine Airline Jet Seized at LAX
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As Philippine Airlines Inc. began winding up its business Thursday, U.S. authorities seized one of its planes at Los Angeles International Airport to pay off the bankrupt carrier’s debt, a PAL official said Thursday.
The Boeing 747-400 jumbo jet was the last PAL plane to leave Manila before the 57-year-old airline shut down at midnight on Wednesday. It had been scheduled to return to Manila today.
PAL Vice President Manolo Aquino said a U.S. court ordered the seizure of the plane on the demand of U.S. Eximbank, one of the airline’s creditors.
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