Philippine Airlines Plans to Buy 20 Widebody Jets from Boeing and Airbus
Philippine Airlines is planning to order 20 widebody jets, evenly split between Boeing (10 787s) and Airbus (10 A350s), with a possible announcement at the Farnborough Airshow.
Key Numbers
Philippine Airlines (PAL) is planning to order 20 widebody jets, split evenly between Boeing and Airbus, according to media reports citing sources familiar with the plans. The carrier could announce an order for about 10 Boeing 787 Dreamliners and 10 Airbus A350s at the Farnborough Airshow.
Potential Deal Details
- Total number: 20 widebody aircraft.
- Split: 10 Boeing 787s and 10 Airbus A350s.
- Announcement timing: Potentially at the Farnborough Airshow.
- Customer: Philippine Airlines, the flag carrier of the Philippines.
Context
Philippine Airlines aims to modernize its fleet and expand its international route network amid recovering air travel demand post-pandemic. Choosing two competing aircraft reflects the carrier's strategy to diversify supply sources and secure favorable commercial terms.
What It Means for Investors
The potential deal boosts sales prospects for both Boeing (ticker: BA) and Airbus in the widebody market, but remains unconfirmed until an official announcement. Investors are watching the Farnborough Airshow as a key indicator of order activity in the sector.
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