Thursday, 21 January 2010

PAL takes delivery of 2nd Boeing 777

BusinessWorld
http://www.bworldonline.com/main/content.php?id=4915

Flag carrier Philippine Airlines (PAL) is expecting the delivery of its second Boeing 777-300ER aircraft today.

In a statement, the airline said the leased aircraft would be rotated among the Brisbane, Hong Kong and Tokyo routes, like the first one.

The airline ordered six Boeing 777 in 2006 to beef up its fleet but later delayed the delivery of the four remaining aircraft. The first Boeing 777 was delivered in November last year and has been deployed to PAL’s Hong Kong and Tokyo routes. It will be deployed to the Brisbane route soon.

PAL is expecting a slowdown in international travel this year amid the lingering effects of the global economic downturn.

PAL Holdings, Inc. the airline’s parent company, had said it foresees a loss for the fiscal year of 2009-2010 due to the slowdown in international travel. Revenues for the fiscal year ending March 2009 went up to P75.3 billion from the P66.3 billion in 2008 due to higher passenger revenues for the domestic market.

The airline, meanwhile, will slash ticket prices of its flights until Jan. 25, for travel from Feb. 1 to March 15. Fares for one-way flights on economy class between Manila and Luzon or the Visayas and between Cebu and Davao would only be at P777.00. One-way flights between Manila to Mindanao are at P1,777.00

Flights to Hong Kong, Macau, Taipei, Bangkok, Ho Chi Minh City, Singapore, Jakarta, Osaka, Shanghai, Tokyo, Los Angeles and San Francisco will range from $128 to $798 round-trip.

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