PAL Orders 10 more A330HGW

September 28, 2012

Philippine Airlines (PAL) announced this afternoon that it has exercised purchase options for ten (10) more Airbus A330-300HGW wide-bodied aircraft worth US$2.5 billion on top of existing orders for 10 A330 made last August.

"We exercised another option for 10 wide-bodied aircraft two weeks ago. The list price is $250 million each. We will be operating more wide-bodied planes in the region because that’s what the market wants," PAL President Ramon S. Ang said at the sidelines of the PAL Holdings stockholders’ meeting.

He said eight of the new orders will be delivered in 2013.

 "We have 3 more Boeing 777 units coming. One in November and the two by next year, so we will have 10 new wide bodies next year." says Ang.

PAL recently bought 54 Airbus planes in August worth $7 billion comprising 34 A321s, 10 A321neos and 10 240t A330-300s. The 10 aircraft deal today is also for the higher-weight A330.

Ang stated that they will start receiving A321s in the second half 2013. These planes will be used for its subsidiary Airphil Express which the company intends to rename as PAL Express that will serve domestic and regional flights. The Neo series will be flown by PAL in 2015.

Ang said the new PAL fleet will save the airline at least 20% off cost on revenues equivalent to some US$300 million per year.

1 comment:

  1. So with these additional aircraft on order. How about the nations air traffic control and airports? Congestion? What is being done in anticipation of the growing demand of airspace? The Philippine government needs to act quickly to these changing times. Its all about training. And putting the - right - people at the helm.