Philippine Airline Jet Seized at LAX
From Times Wire Services
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.
