Print Edition - 2017-06-21  |  Money Digest

P’pine Airlines orders 7 planes

- AFP, MANILA

Jun 21, 2017-

Philippine Airlines will buy seven planes from Canada’s Bombardier as part of an effort to regain its dominance of the growing air travel market, the carrier said Tuesday. PAL said it sealed the deal for seven Q400 turboprops, worth $235 million at list prices, at the Paris Air Show. The carrier aims to increase its fleet serving smaller islands in the archipelagic nation. “We used to be the only carrier in the Philippines. We used to be the dominant domestic player,” a statement quoted PAL president Jaime Bautista as saying in Paris. However the rise of budget airlines starting in the late 1990s eroded PAL’s market share. Upstart Cebu Pacific eventually overtook it to become the Philippines’ largest carrier.

Published: 21-06-2017 08:23

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