{
    "success": true,
    "data": {
        "id": 1437555,
        "msgid": "pals-chairman-may-resign-1447893297",
        "date": "1999-05-03 00:00:00",
        "title": "PAL's chairman may resign",
        "author": null,
        "source": "DPA",
        "tags": null,
        "topic": null,
        "summary": "PAL's chairman may resign MANILA (DPA): The chairman of ailing flag carrier Philippine Airlines may resign after a major creditor withdrew its support for PAL's rehabilitation plan, Philippine President Joseph Estrada said Saturday. Estrada added that due to this development, he has convened his economic team for a meeting Monday to discuss the government's next course of action. The U.S.",
        "content": "<p>PAL's chairman may resign<\/p>\n<p>MANILA (DPA): The chairman of ailing flag carrier Philippine<br>\nAirlines may resign after a major creditor withdrew its support<br>\nfor PAL's rehabilitation plan, Philippine President Joseph<br>\nEstrada said Saturday.<\/p>\n<p>Estrada added that due to this development, he has convened<br>\nhis economic team for a meeting Monday to discuss the<br>\ngovernment's next course of action.<\/p>\n<p>The U.S. Export-Import Bank, which accounts for 16 percent or<br>\nUS$2.2 billion of PAL's total loans, on Friday refused to support<br>\nthe rehabilitation plan following a rejection by the Securities<br>\nand Exchange Commission (SEC) of the bank's demand that<br>\nprofessional managers who have resigned from PAL be reinstalled<br>\nin the company.<\/p>\n<p>PAL's other European creditors have made the same demand<br>\nbefore they approve the airline's rehabilitation plan.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pals-chairman-may-resign-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}