Airbus beats Boeing in $7 billion Philippine air order |
| Vancouver Sun - Aug 28, 2012 |
Airbus won a $7 billion order to help more than triple Philippine Airlines Inc's fleet, beating Boeing Co. to a deal despite U.S. support for Manila in a diplomatic dispute with China.
The flag carrier plans to buy up to 100 new jets in total within the next five to seven years, its biggest ever fleet expansion in its 71-year history, as it restructures operations to become a low-cost carrier and regain dominance of the local market from arch-rival Cebu Air Inc.
Those purchases would take its fleet to around 140 planes, far ahead of Cebu's 38-strong fleet, which it plans to double. Philippine Airlines said it was still in talks with both Airbus and Boeing for its next tranche of planes.
For this stage of fleet expansion, the airline has ordered 10 long-haul A330-300s and 44 jets from the A321 family, with delivery starting in 2013, Asia's oldest airline said in a statement.
Read more: http://www.vancouversun.com/business/Airbus+beats+Boeing+billion+Philippine+order/7155933/story.html#ixzz24rivHMAM
Read Full Article from Vancouver Sun
- Posted: 2012-08-28 14:08:56
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