Philippine Airlines Inc (PAL) is close to announcing a deal to secure about half a dozen wide-body Airbus jets to serve U.S. and Europe long-haul flights, several people familiar with the matter said.
The deal for Airbus A350-900 jets, likely to be announced at this week's Singapore Airshow, would be valued around $1.8 billion at list prices based on an outright purchase, though other deal structures may be considered, said the people who were not authorised to speak to the media.
One source said this could involve PAL leasing the planes.
PAL and Europe's Airbus declined to comment.
"We do not comment on discussions we may or may not be having with our customers," an Airbus spokesman said.
"PAL will announce in due time its fleet orders which will add to its existing roster of aircraft," the airline said in an emailed statement responding to a query from Reuters.
"These will be utilised for international routes. It is a choice between an A350 and (Boeing) 787, as stated by PAL President Jaime Bautista last year."
Boeing, TAROM and CDB Aviation have celebrated the delivery of the airline’s first 737‑8, marking the arrival of Romania’s first Boeing 737 MAX and a key milestone in the national carrier&...
KVE by Daher is marking its 30th anniversary with the inauguration of a significant expansion of its production facility in The Hague — a development that signals the start of a new acceleration...
Boeing and American Airlines announced the successful completion of the first landing gear exchange for a 737 MAX, marking a key milestone as the company extends its longstanding Landing Gear Exchange...
Airbus has officially unveiled a new delivery center at its Jean‑Luc Lagardère site, northwest of Toulouse, marking a significant milestone in the industrial ramp‑up of the A320 Family. Purpose...
