Philippine Airlines (PAL) has increased its planned B777-300ER
fleet to a total of six aircraft - four on firm order and two on lease - by
exercising its purchase rights on two option aircraft that were part of the
original order placed in Oct-06.
Separately, PAL also signed a letter of intent with GE Commercial Aviation Services for the lease of two B777-300ERs.
Deliveries will commence in the third quarter of 2009 and until 2011.
"Our future fleet of B777-300ERs will allow PAL to enhance its passenger service to the US, while providing superior efficiency in our operations," said President Jaime Bautista.
The decision to acquire the two-class B777-300ERs, PAL's first new widebody aircraft model in 12 years, signals the long-anticipated modernisation of the airline's long-range fleet.
It follows on the heels of a similar upgrading of PAL's single-aisle fleet, which started last Sep-06 with the arrival of the first of 20 new A320-family aircraft. Six of those aircraft are already in service and four more are arriving this year.
PAL's widebody fleet currently comprises 17 aircraft: five B747-400s, four Airbus A340-300s and eight Airbus A330-300s.
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.