Skip to main content

Philippine Airlines announced on Tuesday it had ordered 54 Airbus aircraft with a list price of $7 billion

 Philippine Airlines announced on Tuesday it had ordered 54 Airbus aircraft with a list price of $7 billion, and planned to buy dozens more planes in a spectacular move to rejuvenate Asia's oldest carrier.

"The orders we are placing with Airbus will play a key role in revitalising PAL and growing trade and tourism in this country," PAL chairman Lucio Tan said in a statement.

In a separate statement Airbus said the "firm orders" were for 34 single-aisle A321 ceo planes, 10 of the newer-model A321 neo models and 10 long-haul A330-300s, and delivery would start next year.

PAL said the orders had a list price of $7 billion dollars.

PAL president Ramon Ang told reporters at a press conference announcing the deal that the carrier intended to buy 100 new aircraft in total.

"Our intention is to buy up to 100 aircraft, 26 of that will be long range, wide body," Ang told reporters, adding all the planes would be bought and none leased.

The announcement comes after San Miguel, one of the Philippines' biggest conglomerates, bought a 49-per cent stake in the loss-making carrier for $500 million in April, and took over management.

Ang is president of San Miguel although billionaire Tan, an ethnic Chinese tycoon who is the country's second-wealthiest man, remains PAL's controlling shareholder.

PAL, which began flying in 1941, reported a net loss of $33.5 million in the three months to December, reversing a profit of $15.1 million from the same period the previous year.

It had said the losses were mainly due to soaring fuel costs, and added that it was looking for fresh money to upgrade its fleet.

However the airline's reputation had also declined, with passengers complaining of old planes, limited flight options and poor service.

PAL has had to watch its status as the nation's top carrier slide in recent years, giving up the mantle to low-cost rival Cebu Pacific.

PAL was also forced to cut hundreds of flights in September last year after a day-long wildcat strike by ground crew who were protesting the outsourcing of 2,600 catering, airport services and call centre reservation jobs.

It took the airline more than a month to cut the flight backlog, however Tan won the battle against the determined unions to outsource the jobs and cut costs.

PAL's current fleet is made up of 39 aircraft that fly to 31 foreign cities and destinations. Thirty-one of those are Airbus planes. The other eight are Boeing aircraft.

Capt Shekhar Gupta
AeroSoft Corp
W :
E  :


Philippine Airlines orders 54 Airbus aircraft worth $7 billion
Economic Times
MANILA: Philippine Airlines announced on Tuesday it had ordered 54 Airbus aircraft with a list price of $7 billion, and planned to buy dozens more planes in a spectacular move to rejuvenate Asia's oldest carrier. "The orders we are placing with Airbus ...
See all stories on this topic »
Airlines scrap New Orleans flights as Isaac nears
USA TODAY (blog)
All airlines were to stop flying at the end of Monday's schedule, and no flights were scheduled Tuesday, a brief news release from Louis Armstrong New Orleans International Airport said. The move comes after large cancellations in southern Florida on ...
See all stories on this topic »
Spirit Airlines goes head to head with Frontier on Arizona route
Spirit Airlines, a newcomer at Denver International Airport, said Tuesday it will begin nonstop flights between DIA and Mesa, Ariz., on Oct. 4. That word comes three weeks after low-cost DIA rival Frontier Airlines announced its own service to the ...
See all stories on this topic »
Air India not yet taken decision on importing ATF directly: Ajit Singh
Economic Times
Kingfisher has been allowed to import five lakh kilolitres of ATF worth Rs 2,233 crore; SpiceJet 50,000 kilolitres worth Rs 235 crore; IndiGo 7.15 lakh kilolitres worth Rs 3,200 crore, Go Airlines two lakh kilolitres worth Rs 1,200 crore and Air India ...
See all stories on this topic »
China Eastern Airlines Joins Airbus Clean Jet-Fuel Network Plans
China Eastern Airlines Corp. will join Airbus SAS plans to build clean jet-fuel capacity in the world's fastest growing major economy to curb emissions. The airline, based in Shanghai, will tie-up with a group of growers, distributors and government ...
See all stories on this topic »
Airlines Wary of Portable Electronic Devices on Planes
Steve Lott, spokesman for Airlines for America, the airline industry trade group, said: “The safety of our passengers and crews remains our top priority and our members will work cooperatively with the FAA on opportunities to evaluate personal ...
See all stories on this topic »

Airlines differ on Isaac rebooking policies
The Daily Advertiser
Tropical Storm Isaac is sweeping into the Gulf of Mexico and all the airlines with flights to and from the region this week are waiving their normal fees for passengers to rebook trips. So-called change fees can be as high as $150 on a domestic trip ...
See all stories on this topic »


Popular posts from this blog

Guest Post Available on these sites

Guest Post Available on these sites. At just 100$ [For all Sites] Contact  +91 9977513452

ship parts, ship parts names, ship parts diagram, cruise ship parts, pirate ship parts names, sailing ship parts,, model ship parts,

 ship parts ship parts names ship parts diagram cruise ship parts pirate ship parts names sailing ship parts model ship parts ship parts kotor ship parts swtor ship parts kotor, ship parts swtor,

Looking for Fresh Content Writers with 0 to 1 year of Experience

Looking for Fresh Content Writers  with 0 to 1 year of Experience. Job Location- Work from Home L B L Lessons for Business Leaders Key Responsibilities: #Research Ideas and facts pertinent to the type of Content / Topic L B L Lessons for Business Leaders assigned. #Develop ideas derived from online/offline research and organize the same on paper or computer applications. #Sort out workable ideas by a process of elimination and keep eliminated ideas stored for future reference. #Write fresh content based on research and brainstorming by following instructions provided for each type of document. #Develop engaging content for articles, Blogs, stories and social media to entice and engage audience. #Proofread content for errors or additions and ensure that content is Written per instructions. #Ensure that web page content is edited properly to increase on-screen readability. #Think up titles for each piece of content keeping appropriateness in check. #Copy, edit and