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Philippine Air nears deal to acquire Airbus A350s

15 Feb 2016 10:41:35

themalaysianinsider.com

Philippine Airlines Inc (PAL) is close to announcing a deal to secure about half a dozen wide-body Airbus jets to serve US and Europe long-haul flights, several people familiar with the matter said.


The deal for Airbus A350-900 jets, likely to be announced at this week's Singapore Airshow, would be valued around US$1.8 billion (RM7.5 billion) at list prices based on an outright purchase, though other deal structures may be considered, said the people who were not authorised to speak to the media.


Read full story: themalaysianinsider.com

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