Philippine Airlines (PAL) buys 54 Airbus jets worth $7 billionBy Angel Cuala on Aug 28, 2012 in Asia, Business, Lifestyle, Travel •
Manila, Philippines – Philippine Airlines (PAL) announced this Tuesday, August 28, 2012, that it had signed a deal to buy 54 Airbus jets worth $7 billion, which consists of single aisle A321s and widebody A330-300s, with the first batch of airplanes being expected to arrive in January 2013.
Philippine Airlines logo
Image Credit: PhilippineAirlines.com
According to a press release by PAL on its official website today, the purpose of buying the single aisle A321 aircraft, notably the largest member of the best-selling A320 Family, is to enhance the airline’s product offerings on local and regional flights, as well as to support alliances with partner airlines.
For the A330s, which is one of the most widely-used widebody aircraft in service today and is also available in VIP and military transport/tanker variants, PAL said that they will be used to operate on higher demand regional routes and longer range services to the Middle East and Australia.
“The orders we are placing with Airbus will play a key role in revitalizing PAL and growing trade and tourism in the country.” PAL Chairman Lucio Tan and PAL president Ramon S. Ang were jointly quoted in a statement at PhilippineAirlines.com.
“With these aircraft we will be able to offer more passengers the best the industry has to offer across our Asia-Pacific network. At the same time, we will benefit from the low operating costs associated with new generation aircraft and the reduced impact on the environment.” PAL added.
The Philippine Airlines, with the acquisition notably an effort of its management to strengthen the flag carrier and to help boost the country’s economy, said that the rest of the airplanes are being expected for service in the next three years, and that engine selections for all the aircraft will be announced later.
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