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PAL Plans To Lease 3 Boeing 737-300s  
User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9504 posts, RR: 13
Posted (15 years 1 month 2 weeks 2 days 5 hours ago) and read 3485 times:

Tuesday, April 17 2:38 PM SGT

Philippine Airlines Plans To Lease 3 Boeing 737-300s
MANILA (Dow Jones)--Philippine Airlines Inc. (Q.PAI) said Tuesday it intends to lease three Boeing 737-300 aircraft for five years.
The country's flagship carrier said it will only use one of the aircraft for its operations and sub-lease the two others to Air Philippines Corp., a small domestic airline. The sub-lease will be guaranteed by a standby letter of credit.

Philippine Airlines said it will lease the aircraft it plans to use to Air Philippines later.

Philippine Airlines said it needs the plane for an increase in the number of flights to Taipei to nine times weekly from three times weekly.

Philippine Airlines said it also wants to take advantage of emerging opportunities in the regional charter market by offering extra-section flights and longer flights. The airline also wants to test new routes before opening regular scheduled operations to them.

The carrier also wants to begin a thrice weekly flight for the new Manila-Kaoshiung-Cebu route. It estimates the flight will add 1,254 hours per annum and an estimated $12,000 per roundtrip in margin before fleet costs.

Philippine Airlines said the aircraft lease has been approved by the Securities and Exchange Commission, the agency overseeing its financial rehabilitation.

The airline is in its third year of rehabilitation, which includes the restructuring of over $2 billion in debts, as well as fleet and manpower reduction.

Don't they have enough aircraft? I think they should go for the B 717 instead. Do they need the capacity of a B 737-300? Though it is slightly bigger than the B 717 only.



4 replies: All unread, jump to last
User currently offlineHkgspotter1 From Hong Kong, joined Nov 2005, 0 posts, RR: 0
Reply 1, posted (15 years 1 month 2 weeks 2 days 4 hours ago) and read 3466 times:

What happened to the three 737-400's they leased ??

User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9504 posts, RR: 13
Reply 2, posted (15 years 1 month 2 weeks 2 days 4 hours ago) and read 3464 times:

Yeah! Does anyone know what happened to that three B 737-400s?

User currently offlineImkeww From , joined Dec 1969, posts, RR:
Reply 3, posted (15 years 1 month 2 weeks 1 day 17 hours ago) and read 3445 times:

The 3 734s are trucking hard... in fact, I was on one the first day of its revenue service in December. Remember that PAL cut its planned fleet by over half, so they're just trying to catch up with demand.

User currently offlineB7474 From United States of America, joined Mar 2001, 266 posts, RR: 0
Reply 4, posted (15 years 1 month 2 weeks 1 day 17 hours ago) and read 3441 times:

I know this is a little off topic but PAL needs some Airbus A340-500 so they can get to New York.Everytime I go to the Phillipines I have to take a diffrent airline. Wink/being sarcastic

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