Photo release from PAL official website.
Philippine Airlines today inked with Airbus the biggest aircraft deal in Philippine history involving a firm order for more than 50 single-aisle and wide-body jets, with a list price of approximately US$7 billion. Photo shows PAL and Airbus officials during the signing ceremony at Century Park Hotel, from left, PAL vice chairman and treasurer Harry C. Tan, PAL Chairman Dr. Lucio C. Tan, Airbus Senior VP for Asia Jean Francois Laval and PAL President Ramon S. Ang.
Official statement : http://www.philippineairlines.com/news/pal_buys_aircraft.jsp
28 August 2012
PAL buys Airbus aircraft in US$7B deal
Biggest aircraft deal in RP history
MANILA, Philippines (28 August 2012) - Philippine Airlines (PAL) has placed a firm order with Airbus covering more than 50 aircraft consisting of single aisle A321s and widebody A330-300s, the latest HGW (High Gross Weight) models. The first batch of aircraft is being ordered under a major fleet modernization program at the airline with deliveries starting in 2013.
The single aisle A321 aircraft are being purchased to enhance the airline’s product offerings on domestic and regional routes, as well as support alliances with partner airlines. The A330s will be operated on higher demand regional routes and longer range services to the Middle East and Australia. PAL will announce engine selections for all the aircraft at a later date.
PAL’s refleeting program is in line with management’s efforts to strengthen the flag carrier and help boost the Philippine economy.
“The orders we are placing with Airbus will play a key role in revitalizing PAL and growing trade and tourism in the country,” said PAL Chairman Lucio Tan and PAL president Ramon S. Ang. “With these aircraft we will be able to offer more passengers the best the industry has to offer across our Asia-Pacific network. At the same time, we will benefit from the low operating costs associated with new generation aircraft and the reduced impact on the environment.”
“We are extremely pleased that PAL has placed its confidence in our aircraft to meet its future requirements,” said John Leahy, Chief Operating Officer, Customers, Airbus. “This announcement demonstrates once again the popularity of both the A320 Family and the A330, which remain leaders in their size categories in terms of operating economics, reliability and passenger comfort.”
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