Tuesday, October 24, 2017
Close  
business /

PAL orders 7 planes for $235M

business /
  • share this

PAL orders 7 planes for $235M

/ 05:30 PM June 20, 2017
Philippine Airlines president and COO Jaime Bautista at the Boeing factory in Everett, Washington.

Philippine Airlines president and COO Jaime Bautista (FILE PHOTO)

Philippine Airlines will buy seven planes from Canada’s Bombardier as part of an effort to regain its dominance of the growing air travel market, the carrier said Tuesday.

PAL said it sealed the deal for seven Q400 turboprops, worth $235 million at list prices, at the Paris Air Show.

The carrier aims to increase its fleet serving smaller islands in the archipelagic nation.

ADVERTISEMENT

“We used to be the only carrier in the Philippines. We used to be the dominant domestic player,” a statement quoted PAL president as saying in Paris.

However the rise of budget airlines starting in the late 1990s eroded PAL’s market share. Upstart Cebu Pacific eventually overtook it to become the Philippines’ largest carrier.

“The management of Philippine Airlines believes we should get back the market share we used to own,” Bautista said.

The new 86-seat Q400s and other types of narrow-bodied aircraft would enable PAL to do that, he added.

The acquisition of the seven Q400s would be on top of five Q400 planes worth $168 million which PAL ordered last December but which have not yet been delivered.

PAL, which has a fleet of 81 planes, already operates five Q400s and four smaller Q300 aircraft from Bombardier. These service airports that cannot handle wide-bodied planes.

ADVERTISEMENT

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: aviation, Business, PAL, Paris air show, Philippine Airlines
For feedback, complaints, or inquiries, contact us.




© Copyright 1997-2016 INQUIRER.net | All Rights Reserved