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Philippine Air signs $3.7 billion deal for Airbus jets

Published 17/02/2016, 07:43
© Reuters. Airbus President and CEO Bregier shakes hands with Philippines Airlines Chairman Tan after a signing ceremony at the Singapore Airshow at Changi Exhibition Center
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SINGAPORE (Reuters) - Philippine Airlines (PAL) is securing 12 wide-body Airbus (PA:AIR) jets worth about $3.7 billion at list prices as it aims to operate non-stop flights from Manila to U.S. destinations. PAL will start taking delivery of the Airbus A350-900 jets in two years, Jamie Bautista, PAL's president, and Fabrice Bregier, Airbus president, told a news conference at the Singapore Airshow on Wednesday.

PAL has ordered six Airbus jets, with another six purchase options, Bautista said.

© Reuters. Airbus President and CEO Bregier shakes hands with Philippines Airlines Chairman Tan after a signing ceremony at the Singapore Airshow at Changi Exhibition Center

Earlier this week, Reuters reported PAL's planned deal with Airbus.

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