The Philippine Airlines is working on the deferment of deliveries of 38 planes ordered from Airbus, according to Jaime J. Bautista, President and Chief Operating Officer of Philippine Airlines Holdings, Inc.
For starters, Bautista said, only 5 out of the original 10 scheduled will be delivered this year. He said 5 Airbus 321 aircraft will be delivered, 2 in March , two in April and one in June for local and regional flights.
“We are working with the Airbus on the deferment of orders. This year we should take delivery of 10, but we are working on a delivery of only 5 so five will be deferred sometime in 2020,” Bautista said.
“There should be 38 more, including the 5 based on the published price, around $ 3 billion from now until 2024 from 2020” he said.
“Fortunately, our negotiations with Airbus is without penalty and there is no additional interest cost incurred. The deferment of aircraft order this year is part of our business plan. We have agreed in principle,” he added.
“We have already sold our old airplanes. We have sold the old 747, 4 A340s and 8 A330s. These airplanes were bought in the 90s . The 747 were replaced by our 777-300 ER. The 340s were replaced by new airbus A340 we have six of these that we bought from Airbus previously operated by Spanish carrier,” Bautista said.
According to Bautista, The PAL Group have 78 airplanes as of now, “We operate (6) 777 , (6) A340, We have (14) A330-300 brand new, then we have (4) Q300, (5) Q4000 and the rest are Airbus A320 that would be 78,” he said.