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Monday, January 21, 2008

 

Air Philippines set to acquire more aircraft

 
AIR Philippines is acquiring new aircraft to serve its expanded network, the president of Philippine Airline (PAL) said.

Jaime Bautista, PAL president, said its budget unit will acquire six Bombardier Q400 aircrarft in the fourth quarter of this year, with a lease price of $20 million each. The budget carrier will use the additional aircrafts to serve domestic destinations like Romblon, Catanduanes, Caticlan, among others.

Air Philippines earlier signed with Toronto-based Bombardier Aerospace to order three of the 50-seat aircraft, and taken options on three more units. The firm orders are valued at about $56 million, based on list prices. The first Q300, was delivered last year and started the Manila-Caticlan flights.

The second and third Bombardier Q300 turbo-prop firm orders will be delivered by May, enabling the airline to ramp up its service to Caticlan to 11 times daily from Manila and twice daily from Cebu. Options on three more Q300s, for delivery from 2009, will be taken up next year.

The low-cost carrier is aggressively expanding turbo-prop operations to other local island destinations in the near term as it taps into the booming leisure market.
-- Darwin G. Amojelar

  
 

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