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Feb 13, 2018 @ 19:56

PAL to acquire 15 planes for $2B

 

Philippine Airlines (PAL) is acquiring 15 aircraft worth about $2 billion this year in a bid to regain its dominance of the booming air travel market.

Fresh from getting its four star rating from international air transport rating organization Skytrax, PAL is embarking on a major refleeting program.

PAL president and COO Jaime Bautista said the flag carrier would take delivery of four Airbus 350s, six A321 Neos and five Q400s this year as it prepares tp retire all 340 planes by 2021.

The A350 planes, which will start arriving in June, will be deployed to non-stop flights to US East Coast starting with New York in October followed by Seattle and Chicago.The A 321 neos, on the other hand, will be for non-stop flights to Brisbane, Saporro, New Delhi and Mumbai.

“Based on the lease price [the 15 aircraft will cost] almost $2 billion,” Bautista said.

Last year, PAL acquired two Boeing 777 worth $500 million.

To better serve the needs of its passengers, PAL is
constructing a 900-square-meter, two-story Mabuhay Lounge, adjacent to the North Wing of PAL’s Terminal 2.

The new lounge will have a wide dining area, private showers, massage area, meeting rooms, bar lounge, children’s play area, speedy Wi-Fi connection and the signature PAL buffet area.

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