Philippine Airlines announced (11-Sep-09) plans to commence taking delivery of B777-300ER aircraft from Nov-2009. [more] The carrier has six of the aircraft on order, two of which are to be leased, to be delivered in Nov-2009 and Jan-2010, while the remaining four will be delivered in Jun-2012, Nov-2012, Apr-2013 and Jun-2013 (Manila Times, 12-Sep-09). Delivery of the final four aircraft was delayed due to a Philippine aviation industry downgrade by the US FAA, preventing the carrier from launching new services to the US. The aircraft are being funded by a loan from the Export-Import Bank of the US and are to be deployed on long-haul services to Australia and the US. The carrier meanwhile expects a "slight" recovery in demand in 2010 and a full recovery by 2012.
Philippine Airlines plans to take delivery of six B777-300ER aircraft
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In Europe PAL is considering adding a second European destination in 2018, with Frankfurt and Rome under consideration. PAL has already added capacity to Europe this year by upgrading its London Heathrow service to daily.
This is the second in a series of analysis reports on the Philippines market. The first report focused on PAL’s Middle East operation, which could be reduced in 2017 amid intensifying competition and weakening demand.
Iran CAPA Aviation Summit – hope turns to frustration, but optimism remains as growth abounds
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