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Philippine Air dangles possible plane order as market slumps

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Manila / Bloomberg

Philippine Airlines is considering making an announcement of new plane orders as plane makers Airbus Group SE and Boeing Co. seek to revive sales in a region battling overcapacity.
The flag carrier is considering Wednesday for its announcement, President Jaime Bautista said in an interview. Bautista declined to comment on what model the carrier has chosen.
The airline was considering buying six aircraft in a firm order, with an option to buy six more, Bautista said in November.
Philippine Air was debating between Airbus’s A350 wide-body aircraft and Boeing’s 787 Dreamliner to start services to New York, Bautista said in an interview last year. An order will come amid concerns that airlines in Southeast Asia have ordered more planes than they need.
Philippine Air wants new planes to replace some of its Airbus A340 jets as it mulls expanding US and Europe routes. Airbus has agreed to help the airline restructure its fleet, which includes delivering a total of 10 A321s and 28 more planes in the next seven to eight years, Bautista said last March.
Philippine Airlines, is the flag carrier of the Philippines. Headquartered at the PNB Financial Center in Pasay City, the airline was founded in 1941 and is the first and oldest commercial airline in Asia operating under its original name.

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