Flying-Tiger
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Philippine Airlines Takes Additional A330

Fri Sep 28, 2012 8:53 am

As far as I understand this press article, Philippe Airlines has exerciced options on 10 "Airbus widebodies", which I would assume are additional A330s.

Quote:
Philippine Airlines (PAL.PS) has agreed to buy another $2.5 billion worth of Airbus jets from European Aeronautic Defence and Space Company NV (EAD.PA), its president said on Friday, part of the fast-growing carrier's attempt to reclaim dominance of its local market.

The new deal involves the purchase of 10 wide-bodied jets with a list price of $250 million each, Ramon Ang told reporters, on top of the airline's $7 billion Airbus deal with announced in August.

"We are starting to replace our jets with wide-bodied planes because that is what the market wants," Ang told reporters on the sidelines of parent company PAL Holdings Inc's stockholders' meeting.

PAL still wants to buy 35 more planes, either from Airbus or Boeing Co (BA.N), Ang said, in line with its plan to add 100 new jets to its fleet in the next five to seven years as it reshapes its business to take on main rival Cebu Air Inc (CEB.PS).

"Our refleeting program right now is close to $10 billion," Ang said. "We exercised our option to buy 10-wide bodied jets (from Airbus) two weeks ago", he said, referring to the new purchases.
http://www.reuters.com/article/2012/...s-airbus-pal-idUSBRE88R06F20120928
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Akiestar
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RE: Philippine Airlines Takes Additional A330

Fri Sep 28, 2012 8:56 am

Hm. So this means then than 20 A333s are entering the fleet, seeing as PR bought ten earlier as part of that 54-plane deal with Airbus.

I hope the remaining orders this time go to Boeing: we can use some 787s and 747s! (And it could be used as leverage against Cat II, as some have suggested.)

EDIT: Some are suggesting that PR purchased A350s, rather than A330s, since the price per frame is $250 million.

[Edited 2012-09-28 02:17:44]
 
filoflyer
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RE: Philippine Airlines Takes Additional A330

Fri Sep 28, 2012 10:38 am

i am still wondering where are they going to put all these planes. with catII and Eu ban and naia congestion adds to the problem as well.
 
bthebest
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RE: Philippine Airlines Takes Additional A330

Fri Sep 28, 2012 11:10 am

Quoting Akiestar (Reply 1):
EDIT: Some are suggesting that PR purchased A350s, rather than A330s, since the price per frame is $250 million.
http://www.flightglobal.com/news/art...l-orders-10-a330s-for-25bn-377043/

Definitely A333s, but the price hike is probably due to the HGW version that they have opted for service & support maybe.
 
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scbriml
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RE: Philippine Airlines Takes Additional A330

Fri Sep 28, 2012 11:14 am

The $250million is list price. They won't be paying anywhere near that.
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EPA001
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RE: Philippine Airlines Takes Additional A330

Fri Sep 28, 2012 11:45 pm

Quoting Akiestar (Reply 1):

Hm. So this means then than 20 A333s are entering the fleet, seeing as PR bought ten earlier as part of that 54-plane deal with Airbus.

It sure looks like that. Which is good news for all involved I guess.  
 
Asiaflyer
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RE: Philippine Airlines Takes Additional A330

Tue Oct 02, 2012 2:01 am

The order is now confirmed on Airbus website.

http://www.airbus.com/newsevents/new...ine-airlines-orders-10-more-a330s/

As expected, the order is for the 240 tonne high gross weight version.
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scbriml
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RE: Philippine Airlines Takes Additional A330

Tue Oct 02, 2012 5:24 am

Quoting Akiestar (Reply 1):
I hope the remaining orders this time go to Boeing

There may not be any remaining orders.

From the press release quoted above:

Quote:
“This additional order will complete our current medium-to-long range requirements under our fleet modernisation programme,” said PAL Chairman Lucio Tan and PAL President Ramon S. Ang.
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Akiestar
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RE: Philippine Airlines Takes Additional A330

Tue Oct 02, 2012 6:47 am

Quoting scbriml (Reply 7):
There may not be any remaining orders.

From the press release quoted above:

That conflicts with an earlier statement saying that PR was aiming for 100 new planes.
 
Asiaflyer
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RE: Philippine Airlines Takes Additional A330

Tue Oct 02, 2012 7:13 am

Quoting Akiestar (Reply 8):
That conflicts with an earlier statement saying that PR was aiming for 100 new planes.


Not if PR orders more NBs. First batch included 44 A321s. Not unlikely that PR will order more A320 family aircrafts later.
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Akiestar
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RE: Philippine Airlines Takes Additional A330

Tue Oct 02, 2012 8:24 am

Quoting Asiaflyer (Reply 9):
Not if PR orders more NBs. First batch included 44 A321s. Not unlikely that PR will order more A320 family aircrafts later.

While I don't doubt PR making more narrow-body orders, I don't think it will give the entire tranche to Airbus per se. A330s in the PR fleet are used for medium-haul routes. It still needs a replacement for its aging 744s, and it will also need more long-haul aircraft if it intends to pursue its ambitious plans of restarting Europe, increasing service to North America and, apparently, opening service to Brazil. Hence why I think there's still a bit of hope that Boeing won't lose out on PR's buying spree.
 
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scbriml
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RE: Philippine Airlines Takes Additional A330

Tue Oct 02, 2012 12:38 pm

Quoting Akiestar (Reply 8):
That conflicts with an earlier statement saying that PR was aiming for 100 new planes.

They said "up to" 100 over the next five to seven years.

Quoting Akiestar (Reply 10):
It still needs a replacement for its aging 744s, and it will also need more long-haul aircraft if it intends to pursue its ambitious plans of restarting Europe, increasing service to North America and, apparently, opening service to Brazil.

I can certainly see them needing more 777s. Having just ordered 20 A330s, I can't see them needing to order 787s soon.
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