PAL increases aircraft order

Philippine Airlines (PAL) this week placed an order worth approximately $500m at list prices for two additional Boeing 777-300ERs.

The order is an exercise of purchase rights disclosed in March when PAL placed an order for two 777-300ERs.

In addition, PAL has an agreement in place to lease two 777-300ERs from GE Commercial Aviation Services.

‘Our future fleet of Boeing 777-300ERs will allow PAL to provide the best in passenger service to the United States, while providing increased efficiency in our operations,’ said Jaime J. Bautista, president of Philippine Airlines.

The 777-300ER is the world’s largest long-range twin-engine jetliner and is capable of carrying approximately 365 passengers in Philippine Airlines’ two-class configuration, with a maximum range of 14,685 kilometres.

As of May 31, 21 customers have ordered 267 777-300ERs. Boeing currently has unfilled orders for the model exceeding 175 airplanes, with a value of more than $44bn at list prices.

Since its launch, the entire 777 family of airplanes has captured 65 percent of the 300-to-400-seat market segment.