Philippine Airlines (PAL) plans to significantly boost its fleet with the acquisition of 20 Boeing 787 Dreamliners, according to a report by RetailNews Asia. The order, announced by PAL's parent company, reflects Lucio Tan's ambitious growth strategy for the flag carrier.
The Dreamliners, known for their fuel efficiency and long-range capabilities, will replace older aircraft and enable PAL to expand its international routes. The deal is valued at billions of dollars, though specific financial terms were not disclosed. PAL expects deliveries to begin in the coming years, supporting its post-pandemic recovery and growth.
The expansion comes as the aviation industry rebounds from the COVID-19 pandemic, with airlines worldwide modernizing fleets to cut costs and emissions. For PAL, the move strengthens its competitive position in the Asia-Pacific region, where demand for air travel is rising rapidly.