Philippine Airlines to purchase 54 Airbus jets
Aug. 28, 2012, Manila, Philippines - Flag-carrier Philippine Airlines says it has signed a $7 billion deal to buy 54 Airbus jets as part of an ambitious plan to overhaul its fleet to meet higher demands for transporting passengers and cargo in Asia, the Middle East and Australia.
August 28, 2012 By The Associated Press
PAL President Ramon Ang said Tuesday the first batch of about a dozen A330-300s and A321s will be delivered in January. The rest of the aircraft are to go in service in the next three years.
Ang says PAL is planning to buy an additional 46 aircraft from Airbus and other manufacturers, including Boeing. The airline
currently has 39 aircraft.
After struggling against losses, depressed markets, high fuel prices and labour unrest, PAL has generated some profits in recent
years, most recently in June and July, airline officials said.