Philippine Airlines (PAL) will purchase seven new aircraft next year, spending $500m.
The new aircraft includes five Airbus 321s and two Boeing 777-300. They are expected to be deployed on PAL’s regional and long-haul routes.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The airline is reportedly buying the aircraft as part of its re-fleeting programme.
PAL president Jaime Bautista was quoted by The Standard saying: "Some will be leased, but the value of the reflecting programme may be more than half a billion US dollars.
"That’s the fleet value that we will take next year.
"The financing of the airplanes will not be a problem. There are many companies who will be willing to finance us, especially if you are a profitable airline."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataPAL has already taken delivery of five A321s.
In 2013, Philippine Airlines took the delivery of the first A321 among 64 Airbus aircraft ordered by the airline in 2012 under a fleet modernisation programme.
The deal included 44 single aisle A321s and 20 widebody A330s.
Last March, PAL also stated it would buy five planes and spare parts from Airbus under a $280m deal.
Recently, the carrier stated it was planning to sell its A340s and replace with either A350s or the Boeing 787 Dreamliner, a long-range, twin-engine wide-body jet.
PAL operates six Airbus 340-300s to serve long-haul destinations and A340 is being used on the new route to New York via Vancouver.
The airline also uses six Boeing 777-300ERs and operates daily flights to Los Angeles, San Francisco, Vancouver, Toronto and London.
The company is involved in expanding its international destinations. By the end of this year, it plans to fly to Port Moresby, Cairns, Australia and Auckland, New Zealand.
Image: Philippine Airlines will purchase seven new aircraft next year. Photo: courtesy of Airbus.
