Monday, 22 October 2012

Philippines Airlines buys 10 more Airbus jumbo jets


Philippines Airlines (PAL) confirmed that it is buying 10 jumbo jets from Toulouse-based European aircraft-builder Airbus on Saturday, as French Prime Minister Jean-Marc Ayrault visited Manila to promote Franco-Asian trade.

The 2.5-billion-dollar (1.9-billion-euro) deal, which was announced on 28 September, was confirmed by PAL and Airbus representatives at the Manila Business Forum on Saturday.

PAL bought 54 planes from Airbus in August for 7.0 billion euros (5.4 billion euros).

The new acquisitions will replace A330 currently flying medium-haul flights for the airline.

The first 10 planes of the 64-strong order should be delivered in 2013.

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